Paragon Academy of Technology Inc

Analysis

Paragon Academy of Technology Inc is a registered charity in United States, based in Hollywood, FL. It received its IRS tax-exemption ruling in May 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 2024, Paragon Academy of Technology Inc reported income of $1.7m and spending of $1.5m, spending 90% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.1m to $1.7m (+49%), an average of +8.4% a year. The sharpest change came in the year to June 2024, when income rose by 30%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Paragon Academy of Technology Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Yeshivas Bais Mordechai of Teaneck Inc ($1.7m), Harvard Varsity Club Inc ($1.7m) and Wholespire Inc ($1.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $116k (7.7% of expenses). At year end it held assets of $2.7m against liabilities of $2.4m, net assets of $289k. It reported 40 employees.