East Point Academy

Analysis

East Point Academy is a registered charity in United States, based in West Columbia, SC. It received its IRS tax-exemption ruling in June 2014, 12 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 2024, East Point Academy reported income of $10.4m and spending of $9.4m, spending 91% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $7.7m to $10.4m (+35%), an average of +6.2% a year. The sharpest change came in the year to June 2024, when income rose by 18%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, East Point Academy sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within SC. Charities of a similar size with the same main cause include Sigma Chi Foundation ($10.4m), East Baltimore Community School ($10.4m) and Community Education Alliance of West Philadelphia ($10.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% and program service revenue 7.7% of the total. Compensation of current officers, directors and key employees was $119k (1.3% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $29.6m against liabilities of $29.0m, net assets of $620k. It reported 153 employees.