Ranches Academy Inc

Analysis

Ranches Academy Inc is a registered charity in United States, based in Ogden, UT. It received its IRS tax-exemption ruling in February 2005, 21 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 June 2023, Ranches Academy Inc reported income of $3.6m and spending of $3.1m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $3.6m (+36%), an average of +8.1% a year. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ranches Academy Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within UT. Charities of a similar size with the same main cause include Stepstone Academy ($3.6m), Orange Blossom Football Classic Association Inc ($3.6m) and Queen Annes County Free Library ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $138k (4.5% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $5.3m against liabilities of $617k, net assets of $4.7m. It reported 72 employees.