Globe Academy Inc

Analysis

Globe Academy Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in July 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, Globe Academy Inc reported income of $15.9m and spending of $13.6m, spending 85% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $13.3m to $15.9m (+20%), an average of +6.3% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Globe Academy Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within GA. Charities of a similar size with the same main cause include Alpine Education Services ($15.9m), Virginia Commonwealth University Foundation ($15.9m) and The Institute for Functional Medicine ($15.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.2% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $266k (2.0% of expenses). Other salaries and wages came to $7.9m. At year end it held assets of $13.0m against liabilities of $1.4m, net assets of $11.6m. It reported 294 employees.