Harrisburg Academy Foundation

Analysis

Harrisburg Academy Foundation is a registered charity in United States, based in Wormleysburg, PA. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Harrisburg Academy Foundation reported income of $2.6m and spending of $641k, leaving 76% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $474k to $2.6m (+457%), an average of +54% a year. The sharpest change came in the year to June 2023, when income rose by 542%. Over the whole period it spent 58% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Harrisburg Academy Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include Cta Foundation for Teaching and Learning ($2.6m), Chesapeake Montessori Foundation Inc ($2.6m) and Independent College Enterprise Inc ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% of the total. At year end it held assets of $6.1m against liabilities of $0, net assets of $6.1m.