Excelsior Academy

Analysis

Excelsior Academy is a registered charity in United States, based in Tooele, UT. It received its IRS tax-exemption ruling in May 2009, 17 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, Excelsior Academy reported income of $14.3m and spending of $13.2m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.8m to $14.3m (+84%), an average of +16% a year. The sharpest change came in the year to June 2020, when income rose by 34%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Excelsior 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 96th percentile, and in the 97th percentile within UT. Charities of a similar size with the same main cause include Childrens First Fund the Chicago Public School Foundation ($14.3m), Seton Home Study School ($14.3m) and Friends of Excel Academy Inc ($14.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $396k (3.0% of expenses). Other salaries and wages came to $7.6m. At year end it held assets of $23.9m against liabilities of $20.0m, net assets of $3.9m. It reported 263 employees.