Hammond Urban Academy Inc

Analysis

Hammond Urban Academy Inc is a registered charity in United States, based in Hammond, IN. It received its IRS tax-exemption ruling in July 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, Hammond Urban Academy Inc reported income of $8.1m and spending of $7.1m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.3m to $8.1m (+53%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hammond Urban Academy Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within IN. Charities of a similar size with the same main cause include Stamford Charter School for Excellence Inc ($8.1m), Choice Academies Inc ($8.2m) and West Side Montessori ($8.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $274k (3.8% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $17.0m against liabilities of $9.7m, net assets of $7.3m. It reported 100 employees.