The Academy in Manayunk Inc

Analysis

The Academy in Manayunk Inc is a registered charity in United States, based in Conshohocken, PA. It received its IRS tax-exemption ruling in August 2006, 20 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 2023, The Academy in Manayunk Inc reported income of $32.0m and spending of $24.4m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.9m to $32.0m (+60%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Academy in Manayunk Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Environmental Charter Schools ($32.0m), Richland County Public Library ($32.0m) and Judson University a Baptist Institution ($32.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $2.0m (8.0% of expenses). Other salaries and wages came to $12.4m. At year end it held assets of $84.0m against liabilities of $26.5m, net assets of $57.5m. It reported 215 employees.