Arkansas Connections Academy
Arkansas Connections Academy reported $40.3 million in revenue and $41.4 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $93.11 went to program services, $6.89 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 100.0% of the total. Government grants made up 100.0%. Revenue rose 213% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $41MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $40MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 93.1% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 6.9% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 100.0% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 100.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | Not reported | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | Not reported | 1.28% |
| People paid over $100,000 Part VII, line 2 | Not reported | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 0.9 | 13.3 |
| Independent voting board members Part VI 1a–1b | 4 of 4 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseProvided families throughout the state access to a quality education by providing the personalized learning inherent in a high quality online school, while still providing a complete public school experience for students in grades k-12, focusing on the students' academic growth, social and emotional needs, and post-secondary goals
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b4 · 4 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
Correct a figure or respond
Every number above is copied from Arkansas Connections Academy's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Arkansas Connections Academy, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Arkansas Connections Academy spent in FY2025, $93.11 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Mount Mary UniversityMilwaukee, WI · revenue $40M · programs 76.6% · FY2025
- Caliber Public SchoolsRichmond, CA · revenue $40M · programs 87.8% · FY2025
- Ivy Tech FoundationIndianapolis, IN · revenue $40M · programs 88.2% · FY2025
- Project Kitty HawkChapel Hill, NC · revenue $40M · programs 60.8% · FY2025
- American Thoracic SocietyNew York, NY · revenue $40M · programs 76.2% · 2024
Questions people ask
How much of Arkansas Connections Academy's spending goes to programs?
In the fiscal year ending June 30, 2025, Arkansas Connections Academy reported that 93.1% of its $41.4 million in expenses went to program services, 6.9% to management and general and 0.0% to fundraising (Form 990, Part IX).
Where does Arkansas Connections Academy get its money?
Of $40.3 million in revenue in the fiscal year ending June 30, 2025, 100.0% came from contributions and grants (including 100.0% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).
Is Arkansas Connections Academy a registered charity?
The IRS lists EIN 46-5766559 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202611269349301851 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202531359349304963 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431359349308688 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331359349315223 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202211369349312571 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111379349301981 · read the filing
All filings for EIN 46-5766559: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.