Archimedean Academy Inc

Analysis

Archimedean Academy Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in November 2002, 24 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, Archimedean Academy Inc reported income of $17.6m and spending of $15.8m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.3m to $17.6m (+42%), an average of +9.2% a year. The sharpest change came in the year to June 2023, when income rose by 28%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Archimedean Academy Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Winchendon School Inc ($17.6m), Liberty Common School ($17.6m) and Individual Education Plan Academy ($17.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $348k (2.2% of expenses). Other salaries and wages came to $9.3m. At year end it held assets of $23.6m against liabilities of $18.2m, net assets of $5.4m. It reported 248 employees.