Academy for Children Inc

Analysis

Academy for Children Inc is a registered charity in United States, based in Mountain LKS, NJ. It received its IRS tax-exemption ruling in December 2001, 25 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 August 2023, Academy for Children Inc reported income of $481k and spending of $477k, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $301k to $481k (+60%), an average of +12% a year. The sharpest change came in the year to August 2021, when income rose by 83%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Academy for Children Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within NJ. Charities of a similar size with the same main cause include Wisconsin Independent Learning College Inc ($481k), Arrows Christian Homeschool Community ($481k) and Horizons Student Opportunities and Results for New Mexico Inc ($481k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $106k (22% of expenses). Other salaries and wages came to $259k. At year end it held assets of $181k against liabilities of $89k, net assets of $92k. It reported 15 employees.