Island Academy Inc

Analysis

Island Academy Inc is a registered charity in United States, based in Roswell, GA. It received its IRS tax-exemption ruling in November 2002, 24 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 July 2024, Island Academy Inc reported income of $3.4m and spending of $2.7m, leaving 20% of income unspent that year. Across the 6 years on record, from July 2019 to July 2024, income grew from $1.8m to $3.4m (+87%), an average of +13% a year. The sharpest change came in the year to July 2022, when income rose by 20%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Island Academy Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within GA. Charities of a similar size with the same main cause include Community Government Association of Bloomsburg University of Pa ($3.4m), Walden Academy Inc ($3.4m) and Sebastian Charter Junior High Inc ($3.4m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 34% and program service revenue 66% of the total. At year end it held assets of $5.6m against liabilities of $294k, net assets of $5.3m.