Staten Island Academy

Analysis

Staten Island Academy is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in May 1937, 89 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, Staten Island Academy reported income of $16.4m and spending of $15.5m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.9m to $16.4m (+9.7%), an average of +2.3% a year. The sharpest change came in the year to June 2022, when income rose by 38%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Staten Island Academy sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Energized for Excellence Academy ($16.4m), Cristo Rey San Jose High School ($16.4m) and Mason Classical Academy Inc ($16.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $547k (3.5% of expenses). Other salaries and wages came to $6.3m. At year end it held assets of $26.9m against liabilities of $6.3m, net assets of $20.6m. It reported 218 employees.