Adelphi Academy

Analysis

Adelphi Academy is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 1941, 85 years ago. 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, Adelphi Academy reported income of $4.6m and spending of $3.7m, spending 81% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.1m to $4.6m (+49%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 75%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Adelphi Academy 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 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Arizona Historical Society ($4.6m), The Family Place Utah ($4.6m) and Pi Beta Phi Foundation ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $252k (6.8% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $3.4m against liabilities of $7.5m, net assets of -$4.1m. It reported 56 employees.