High Point Academy Inc

Analysis

High Point Academy Inc is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in August 2015, 11 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, High Point Academy Inc reported income of $16.9m and spending of $16.5m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.8m to $16.9m (+23%), an average of +5.2% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, High Point Academy Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within SC. Charities of a similar size with the same main cause include Achieving the Dream Inc ($16.9m), California Virtual Academy at Maricopa ($16.9m) and Hogan Preparatory Academy Inc ($16.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $129k (0.8% of expenses). Other salaries and wages came to $7.0m. At year end it held assets of $33.4m against liabilities of $27.9m, net assets of $5.5m. It reported 250 employees.