Pan American Academy Charter School

Analysis

Pan American Academy Charter School is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in February 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, Pan American Academy Charter School reported income of $15.9m and spending of $15.7m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.2m to $15.9m (+31%), an average of +6.9% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pan American Academy Charter School 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 96th percentile within PA. Charities of a similar size with the same main cause include Scottsdale Christian Academy Inc ($15.9m), Lycee Francais de LA Nouvelle Orleans ($15.9m) and Hannibal-Lagrange University ($15.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $251k (1.6% of expenses). Other salaries and wages came to $7.4m. At year end it held assets of $23.3m against liabilities of $28.5m, net assets of -$5.2m. It reported 153 employees.