Penn Mont Academy

Analysis

Penn Mont Academy is a registered charity in United States, based in Hollidaysburg, PA. It received its IRS tax-exemption ruling in April 1963, 63 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 2023, Penn Mont Academy reported income of $2.5m and spending of $2.2m, spending 86% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.2m to $2.5m (+16%), an average of +5.0% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Penn Mont Academy sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within PA. Charities of a similar size with the same main cause include Junior Achievement Foundation of the Upper Midwest ($2.5m), J B Wright Charitable Trust ($2.5m) and Kansas Coalition Against Sexual and Domestic Violence Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 71% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $5.4m against liabilities of $426k, net assets of $5.0m.