Erskine Academy

Analysis

Erskine Academy is a registered charity in United States, based in China, ME. It received its IRS tax-exemption ruling in March 1975, 51 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 June 2024, Erskine Academy reported income of $9.2m and spending of $8.9m, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $7.5m to $9.2m (+22%), an average of +5.1% a year. 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, Erskine Academy sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within ME. Charities of a similar size with the same main cause include El Paso Leadership Academy ($9.2m), Storefront Academy Charter School South Bronx ($9.2m) and Park Century School ($9.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.8% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $162k (1.8% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $16.9m against liabilities of $1.5m, net assets of $15.4m. It reported 146 employees.