South Valley Academy Inc

Analysis

South Valley Academy Inc is a registered charity in United States, based in Phoenix, AZ. 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 2023, South Valley Academy Inc reported income of $2.6m and spending of $2.6m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $2.6m (+31%), an average of +6.9% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, South Valley Academy Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within AZ. Charities of a similar size with the same main cause include Trustees of the Forbes Library ($2.6m), Delray Beach Public Library Assn Inc ($2.6m) and Williamsburg Academy ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $25k (0.9% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $5.5m against liabilities of $6.2m, net assets of -$678k.