Academy Charter School Inc

Analysis

Academy Charter School Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in January 2006, 20 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, Academy Charter School Inc reported income of $2.2m and spending of $2.2m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.9m to $2.2m (-44%), an average of -13% a year. The sharpest change came in the year to June 2022, when income dropped by 37%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Academy Charter School Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include McArthur Library Association ($2.2m), Kipp Texas Future Fund ($2.2m) and Magic Garden Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. At year end it held assets of $1.1m against liabilities of $930k, net assets of $125k.