Kolby Academy

Analysis

Kolby Academy is a registered charity in United States, based in Napa, CA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kolby Academy reported income of $5.5m and spending of $6.1m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $5.5m (+120%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 112%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kolby Academy sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Propel Charter School - Pitcairn ($5.5m), Strive Collegiate Academy Inc ($5.5m) and Golden Valley Charter School ($5.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $402k (6.6% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $2.7m against liabilities of $2.6m, net assets of $90k. It reported 168 employees.