Compass Academy Inc

Analysis

Compass Academy Inc is a registered charity in United States, based in Forest, VA. It received its IRS tax-exemption ruling in December 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Compass Academy Inc reported income of $572k and spending of $428k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $538k to $572k (+6.3%), an average of +6.3% a year. Over the whole period it spent 48% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Compass Academy Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within VA. Charities of a similar size with the same main cause include Arkansas STEM Coalition ($572k), American Employment Law Council Inc ($572k) and Tavares Educational Center ($572k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $95k (22% of expenses). Other salaries and wages came to $227k. At year end it held assets of $582k against liabilities of $2,053, net assets of $580k. It reported 52 employees.