Ann Arbor Academy Inc

Analysis

Ann Arbor Academy Inc is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in November 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 July 2023, Ann Arbor Academy Inc reported income of $1.7m and spending of $1.7m, spending 96% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.1m to $1.7m (+65%), an average of +13% a year. The sharpest change came in the year to July 2022, when income rose by 32%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ann Arbor Academy Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within MI. Charities of a similar size with the same main cause include Child Care and Learning Center ($1.7m), Scago Educational Facilities Corporation for Colleton School Di ($1.7m) and California State Student Association ($1.7m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 14% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $59k (3.5% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $1.7m against liabilities of $1.0m, net assets of $630k. It reported 35 employees.