Academy Hill Center for Gifted Children Inc

Analysis

Academy Hill Center for Gifted Children Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in May 1989, 37 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, Academy Hill Center for Gifted Children Inc reported income of $1.6m and spending of $1.6m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $1.6m (+3.0%), an average of +0.8% a year. The sharpest change came in the year to June 2020, when income dropped by 15%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Academy Hill Center for Gifted Children Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MA. Charities of a similar size with the same main cause include Far and Wise Inc ($1.6m), Unidos MN Education Fund ($1.6m) and Institute for Clinical Social Work ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.3% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $128k (7.9% of expenses). Other salaries and wages came to $734k. At year end it held assets of $1.1m against liabilities of $813k, net assets of $274k. It reported 21 employees.

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.