Excel Academy Inc

Analysis

Excel Academy Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Excel Academy Inc reported income of $373k and spending of $419k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $483k to $373k (-23%), an average of -6.3% a year. The sharpest change came in the year to December 2022, when income rose by 84%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Excel Academy Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within MA. Charities of a similar size with the same main cause include Alpha Womens Center ($373k), Rayito de Esperanza Corp ($373k) and Precious Living Inc ($373k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $189k. At year end it held assets of $105k against liabilities of $35k, net assets of $69k. It reported 5 employees.