Episcopal Academy

Analysis

Episcopal Academy is a registered charity in United States, based in Newtown SQ, PA. It received its IRS tax-exemption ruling in March 1943, 83 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, Episcopal Academy reported income of $70.7m and spending of $57.5m, spending 81% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $57.4m to $70.7m (+23%), an average of +7.2% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Episcopal Academy sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include Inspiritec Inc ($70.7m), TCS Education System ($70.9m) and Hanover College Trustees ($70.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $1.1m (2.0% of expenses). Other salaries and wages came to $26.0m. At year end it held assets of $302.6m against liabilities of $23.6m, net assets of $278.9m. It reported 551 employees.