Ask Academy Education Foundation

Analysis

Ask Academy Education Foundation is a registered charity in United States, based in Rio Rancho, NM. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Ask Academy Education Foundation reported income of $990k and spending of $1.0m, spending 104% of its income. Across the 4 years on record, from December 2018 to December 2022, income grew from $679k to $990k (+46%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 56%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ask Academy Education Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within NM. Charities of a similar size with the same main cause include Emerging Industries Training Institute Inc ($990k), Park Montessori Incorporated ($990k) and Stepping Stones Preschool Ltd ($990k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 17% of the total. At year end it held assets of $6.2m against liabilities of $6.2m, net assets of $5,423.