Excellence Academies Inc

Analysis

Excellence Academies Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Excellence Academies Inc reported income of $171k and spending of $1.0m, spending 588% of what it took in. The sharpest change came in the year to June 2023, when income rose by 1310%. Over the whole period it spent 675% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Excellence Academies Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include Aransas Pass for Youth Inc ($171k), Community Foundation of Richvale ($171k) and Mortar Board Inc ($171k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $38.0m against liabilities of $16.3m, net assets of $21.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.