Cholla Academy

Analysis

Cholla Academy is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in November 1983, 43 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, Cholla Academy reported income of $7.4m and spending of $6.6m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.5m to $7.4m (+34%), an average of +7.5% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cholla Academy sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within AZ. Charities of a similar size with the same main cause include Guardian Angel Community Services ($7.4m), Center for Rural Affairs ($7.4m) and Creative Community Services Inc ($7.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $238k (3.6% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $6.7m against liabilities of $2.0m, net assets of $4.7m. It reported 119 employees.