The Academy

Analysis

The Academy is a registered charity in United States, based in Fayetteville, AR. It received its IRS tax-exemption ruling in July 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, The Academy reported income of $11.6m and spending of $11.4m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.6m to $11.6m (+20%), an average of +4.8% a year. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Academy sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within AR. Charities of a similar size with the same main cause include Discovery Charter School Inc ($11.6m), Threefold Educational Foundation & School ($11.6m) and Shiprock Associated Schools Inc ($11.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $6.1m. At year end it held assets of $12.8m against liabilities of $15.7m, net assets of -$2.9m. It reported 135 employees.