Bella Academy of Excellence

Analysis

Bella Academy of Excellence is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in October 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bella Academy of Excellence reported income of $3.9m and spending of $3.8m, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.1m to $3.9m (+24%), an average of +7.3% a year. The sharpest change came in the year to June 2022, when income rose by 34%. 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, Bella Academy of Excellence 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 91st percentile, and in the 91st percentile within OH. Charities of a similar size with the same main cause include Media-Providence Friends School ($3.9m), Trinity Episcopal School ($3.9m) and Buccaneer Commission Inc Memorial Coliseum ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.4m against liabilities of $3.5m, net assets of -$2.0m.