Cook Inlet Academy

Analysis

Cook Inlet Academy is a registered charity in United States, based in Soldotna, AK. It received its IRS tax-exemption ruling in January 1975, 51 years ago. 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, Cook Inlet Academy reported income of $1.3m and spending of $1.3m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $785k to $1.3m (+70%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 38%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cook Inlet Academy sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within AK. Charities of a similar size with the same main cause include Plaza Academy ($1.3m), Hays Country Livestock Exposition ($1.3m) and Northwest Christian School Assoc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $66k (4.9% of expenses). Other salaries and wages came to $716k. At year end it held assets of $932k against liabilities of $69k, net assets of $862k. It reported 63 employees.