Greenwich Academy Inc

Analysis

Greenwich Academy Inc is a registered charity in United States, based in Greenwich, CT. It received its IRS tax-exemption ruling in November 1938, 88 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, Greenwich Academy Inc reported income of $51.2m and spending of $57.5m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $67.9m to $51.2m (-25%), an average of -6.8% a year. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Greenwich Academy Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CT. Charities of a similar size with the same main cause include University of Virginia Law School Foundation ($51.1m), Breck School ($51.2m) and Youth Connection Charter School ($51.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $3.7m (6.4% of expenses). Other salaries and wages came to $20.4m. At year end it held assets of $301.2m against liabilities of $54.3m, net assets of $246.9m. It reported 273 employees.