Village Academies Inc

Analysis

Village Academies Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Village Academies Inc reported income of $7.1m and spending of $9.9m, spending 140% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.8m to $7.1m (+22%), an average of +5.0% a year. The sharpest change came in the year to June 2021, when income rose by 144%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Village Academies Inc 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 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Harford Day School Inc ($7.1m), Chatham Day School Inc ($7.1m) and Love One International ($7.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $907k (9.2% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $54.8m against liabilities of $12.7m, net assets of $42.0m. It reported 35 employees.