The Eagle Academy Foundation Inc

Analysis

The Eagle Academy Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2005, 21 years ago. 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 Eagle Academy Foundation Inc reported income of $4.7m and spending of $3.5m, leaving 26% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.8m to $4.7m (-0.9%), an average of -0.2% a year. The sharpest change came in the year to June 2021, when income rose by 46%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Eagle Academy Foundation 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 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Wonders Early Learning and Extended Day Inc ($4.7m), National American Indian Housing Council ($4.7m) and Grand Lodge of the English Language Jurisdiction of the Ancient Mystic ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 7.2% of the total. Compensation of current officers, directors and key employees was $319k (9.2% of expenses). Other salaries and wages came to $676k. At year end it held assets of $3.8m against liabilities of $542k, net assets of $3.2m. It reported 16 employees.