South Side Academy Inc

Analysis

South Side Academy Inc is a registered charity in United States, based in Youngstown, OH. It received its IRS tax-exemption ruling in September 2012, 14 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, South Side Academy Inc reported income of $2.9m and spending of $2.9m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.9m (+59%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, South Side Academy Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include Harvard Student Agencies Inc ($2.9m), Jewish Culture High School Inc ($2.9m) and Northwest Mississippi Community College Foundation ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $3,060 (0.1% of expenses). At year end it held assets of $1.8m against liabilities of $3.1m, net assets of -$1.3m.