Shady Side Academy

Analysis

Shady Side Academy is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in August 1925, 101 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, Shady Side Academy reported income of $61.3m and spending of $46.2m, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $35.0m to $61.3m (+75%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 28%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Shady Side Academy sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Montana State University Foundation ($61.2m), Common Application Inc ($61.3m) and Room to Read ($61.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $1.4m (3.1% of expenses). Other salaries and wages came to $18.2m. At year end it held assets of $146.5m against liabilities of $18.0m, net assets of $128.4m. It reported 599 employees.