Brookfield Academy Inc

Analysis

Brookfield Academy Inc is a registered charity in United States, based in Cherry Hill, NJ. It received its IRS tax-exemption ruling in October 1981, 45 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, Brookfield Academy Inc reported income of $9.4m and spending of $9.5m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.7m to $9.4m (+8.7%), an average of +2.1% a year. The sharpest change came in the year to June 2022, when income rose by 43%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Brookfield Academy Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include Frank Lloyd Wright Foundation ($9.4m), Community Roots Charter School ($9.4m) and Orlando Community & Youth Trust Inc ($9.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $452k (4.7% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $7.2m against liabilities of $2.9m, net assets of $4.3m. It reported 142 employees.