Valley Forge Military Academy Foundation

Analysis

Valley Forge Military Academy Foundation is a registered charity in United States, based in Wayne, PA. It received its IRS tax-exemption ruling in September 1946, 80 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, Valley Forge Military Academy Foundation reported income of $23.2m and spending of $18.9m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $29.6m to $23.2m (-22%), an average of -5.9% a year. The sharpest change came in the year to June 2021, when income dropped by 43%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Valley Forge Military Academy Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Community Partnership for Child Development ($23.2m), Charter School of Educational Excellence ($23.2m) and Lexington Public Library ($23.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $398k (2.1% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $43.7m against liabilities of $10.6m, net assets of $33.1m. It reported 152 employees.