Padre Pio Academy

Analysis

Padre Pio Academy is a registered charity in United States, based in Lakewood, OH. It received its IRS tax-exemption ruling in October 2004, 22 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, Padre Pio Academy reported income of $1.3m and spending of $552k, leaving 58% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $317k to $1.3m (+311%), an average of +42% a year. The sharpest change came in the year to June 2023, when income rose by 101%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Padre Pio Academy sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within OH. Charities of a similar size with the same main cause include Mattan Basseter Inc ($1.3m), Harvard Business School Club of New York Inc ($1.3m) and Concordia Foundation Nebraska ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 19% of the total. Other salaries and wages came to $368k. At year end it held assets of $757k against liabilities of $0, net assets of $757k. It reported 10 employees.