Amistad Academy Inc

Analysis

Amistad Academy Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in October 1999, 27 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, Amistad Academy Inc reported income of $17.0m and spending of $18.9m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.6m to $17.0m (+2.2%), an average of +0.5% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Amistad Academy Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within CT. Charities of a similar size with the same main cause include University of Texas Law School Foundation ($16.9m), University Auxiliary Services at Albany Inc ($17.0m) and Icivics Inc ($16.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.7% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $65k (0.3% of expenses). Other salaries and wages came to $9.7m. At year end it held assets of $31.3m against liabilities of $6.5m, net assets of $24.9m. It reported 346 employees.