Childrens Academy

Analysis

Childrens Academy is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Childrens Academy reported income of $7.2m and spending of $6.5m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.6m to $7.2m (+29%), an average of +6.5% a year. The sharpest change came in the year to June 2020, when income rose by 19%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Childrens Academy sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Modern School of Fashion and Design Inc ($7.2m), Alfond Scholarship Foundation ($7.2m) and Golden Eagle Charter School ($7.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.9% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $333k (5.1% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $19.3m against liabilities of $11.9m, net assets of $7.3m. It reported 82 employees.