Friends Academy Inc

Analysis

Friends Academy Inc is a registered charity in United States, based in N Dartmouth, MA. It received its IRS tax-exemption ruling in March 1935, 91 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, Friends Academy Inc reported income of $6.5m and spending of $7.2m, spending 110% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $7.7m to $6.5m (-16%), an average of -4.3% a year. The sharpest change came in the year to June 2024, when income dropped by 35%. 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, Friends Academy Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Society for Academic Emergency Medicine ($6.5m), Apalachicola Bay Charter School Inc ($6.5m) and St Stephen S and St Agnes School Foundation ($6.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 7.0% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $580k (8.1% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $18.1m against liabilities of $7.0m, net assets of $11.2m. It reported 136 employees.