Sharon Academy

Analysis

Sharon Academy is a registered charity in United States, based in Sharon, VT. It received its IRS tax-exemption ruling in June 1996, 30 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, Sharon Academy reported income of $3.4m and spending of $3.1m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $3.4m (+5.5%), an average of +1.4% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sharon Academy sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within VT. Charities of a similar size with the same main cause include Summit Academy Secondary School - Youngstown ($3.4m), Minneapolis Pipefitters Joint Journeymen and Apprentice Training ($3.4m) and Cheder Lubavitch Arizona ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.3% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $123k (4.0% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $5.1m against liabilities of $600k, net assets of $4.5m. It reported 66 employees.