Drexel Neumann Academy

Analysis

Drexel Neumann Academy is a registered charity in United States, based in Chester, PA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Drexel Neumann Academy reported income of $2.2m and spending of $2.3m, spending 101% of its income. Across the 5 years on record, from June 2017 to June 2023, income grew from $1.3m to $2.2m (+74%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 32%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Drexel Neumann Academy sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include Aspira Community Enterprises Inc ($2.2m), Rethink Media Inc ($2.2m) and Park Row Christian Academy ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 50% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $3.3m against liabilities of $74k, net assets of $3.2m. It reported 32 employees.