Potentia Academy

Analysis

Potentia Academy is a registered charity in United States, based in Greenacres, FL. It received its IRS tax-exemption ruling in April 2010, 16 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, Potentia Academy reported income of $650k and spending of $822k, spending 127% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $566k to $650k (+15%), an average of +3.5% a year. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Potentia Academy sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Bloomington Normal Electrical Joint Apprenticeship & Training Fund ($650k), Jewish Life ($650k) and Working Ranch Cowboys Foundation ($650k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $211k (26% of expenses). Other salaries and wages came to $202k. At year end it held assets of $756k against liabilities of $73k, net assets of $683k. It reported 6 employees.