Philadelphia Academy Charter School

Analysis

Philadelphia Academy Charter School is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 1999, 27 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, Philadelphia Academy Charter School reported income of $26.0m and spending of $23.1m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.9m to $26.0m (+37%), an average of +8.2% a year. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Philadelphia Academy Charter School sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Santa Rosa Academy Incorporated ($26.0m), University of Houston College of Business Foundation ($26.0m) and Cincinnati Country Day School ($26.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $388k (1.7% of expenses). Other salaries and wages came to $11.1m. At year end it held assets of $27.9m against liabilities of $26.2m, net assets of $1.7m. It reported 225 employees.