St Edmunds Academy

Analysis

St Edmunds Academy is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in August 1955, 71 years ago. 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 2024, St Edmunds Academy reported income of $8.7m and spending of $8.6m, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $6.6m to $8.7m (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Edmunds Academy sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within PA. Charities of a similar size with the same main cause include Neighborhood Healthsource ($8.7m), Infant Welfare Society of Chicago ($8.7m) and Vernon Advent Christian Home Inc ($8.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.3% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $336k (3.9% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $18.1m against liabilities of $2.2m, net assets of $15.9m. It reported 111 employees.