The Neighborhood Academy

Analysis

The Neighborhood Academy is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in March 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 August 2023, The Neighborhood Academy reported income of $7.1m and spending of $5.2m, leaving 26% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $4.4m to $7.1m (+59%), an average of +12% a year. The sharpest change came in the year to August 2021, when income rose by 30%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Neighborhood Academy sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include Williams Memorial Institute ($7.1m), Stream Charter School ($7.1m) and Jacobs Ladder Neurodevelopmental Learning Center Inc ($7.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 93% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $566k (11% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $17.1m against liabilities of $1.8m, net assets of $15.3m. It reported 57 employees.