Education
(B25)
IRS Verified
DX Registered
990 on File
ACADEMIC SOLUTIONS ACADEMY INC
Financial strength (30%)
81/100
Reliability (20%)
50/100
Effectiveness (25%)
90/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
The mission of ASA is to provide students an innovative alternative option of obtaining a high school diploma, be prepared to become self-motivated individuals, and to compete in secondary or post-secondary educational opportunities. ASA provides computer based instruction and direct instruction that allow students to work in a self-paced environment. Students have the option of flexible scheduling to fit their needs.
Financial Overview — FY 2024
$7.0M
Total Revenue
$5.7M
Total Expenses
$2.9M
Net Assets
36
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
76.6%
Fundraising Efficiency
N/A
Operating Reserve
6.10x
Liability-to-Asset
77.6%
Revenue Diversification
99.2%
Executive Compensation
$746K
Compared with Peers
FY 2024
Compared with 7,551 similar organizations
(United States, Education, $1M–$10M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
76.6% | 84.5% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
23.4% | 12.8% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
6.1 mo | 9.0 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
77.6% | 18.6% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
99.2% | 89.9% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
46.4% | 7.7% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
15.4% | 8.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
18.7% | 2.9% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $7.0M | $5.7M | $2.9M | 76.6% | 36 |
| 2023 | $4.8M | $4.9M | $1.6M | 67.9% | 13 |
| 2022 | $3.2M | $2.7M | $1.7M | 80.1% | 22 |
| 2021 | $3.1M | $2.3M | N/A | — | 30 |
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