The Philadelphia Academies Inc

Analysis

The Philadelphia Academies Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 1983, 43 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, The Philadelphia Academies Inc reported income of $2.9m and spending of $3.0m, spending 103% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.8m to $2.9m (+62%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 47%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Philadelphia Academies Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include Arizona Charter Solutions ($2.9m), Georgia High School for Accelerated Learning-Fulton County Inc ($2.9m) and Ilearn Collaborative ($2.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $345k (11% of expenses). Other salaries and wages came to $1.4m. It paid $20k in professional fundraising fees. At year end it held assets of $2.5m against liabilities of $757k, net assets of $1.7m. It reported 27 employees.