Academy of the New Church

Analysis

Academy of the New Church is a registered charity in United States, based in Bryn Athyn, PA. It received its IRS tax-exemption ruling in June 1933, 93 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, Academy of the New Church reported income of $41.4m and spending of $41.3m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $74.3m to $41.4m (-44%), an average of -14% a year. The sharpest change came in the year to June 2020, when income dropped by 28%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Academy of the New Church sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Lake Charles Charter Academy Foundation Inc ($41.4m), Landon School Corporation ($41.5m) and Marion P Thomas Charter High School Education Association a NJ Nonprof ($41.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.1% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $1.8m (4.4% of expenses). Other salaries and wages came to $11.4m. At year end it held assets of $436.2m against liabilities of $47.5m, net assets of $388.6m. It reported 665 employees.