Hiawatha Academies

Analysis

Hiawatha Academies is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 2007, 19 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, Hiawatha Academies reported income of $32.0m and spending of $32.3m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $27.0m to $32.0m (+19%), an average of +4.4% a year. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hiawatha Academies sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MN. Charities of a similar size with the same main cause include Richland County Public Library ($32.0m), Palm Beach Day Academy Inc ($32.0m) and The Academy in Manayunk Inc ($32.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $590k (1.8% of expenses). Other salaries and wages came to $14.6m. At year end it held assets of $14.5m against liabilities of $22.8m, net assets of -$8.3m. It reported 329 employees.