Park Academy

Analysis

Park Academy is a registered charity in United States, based in Lake Oswego, OR. It received its IRS tax-exemption ruling in August 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, Park Academy reported income of $2.9m and spending of $3.1m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.5m to $2.9m (-18%), an average of -4.9% a year. The sharpest change came in the year to June 2020, when income dropped by 31%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Park Academy sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within OR. Charities of a similar size with the same main cause include Cristo Rey San Diego High School Inc ($2.9m), Kivunim ($2.9m) and Inspiredu Inc ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $154k (5.0% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $12.1m against liabilities of $776k, net assets of $11.3m. It reported 37 employees.