Atg Learning Academy

Analysis

Atg Learning Academy is a registered charity in United States, based in Chalfont, PA. It received its IRS tax-exemption ruling in November 2005, 21 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, Atg Learning Academy reported income of $261k and spending of $349k, spending 134% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $534k to $261k (-51%), an average of -16% a year. The sharpest change came in the year to June 2020, when income rose by 46%. Over the whole period it spent 126% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Atg Learning Academy sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within PA. Charities of a similar size with the same main cause include Bridge Inc ($261k), Marion Academy Inc ($261k) and South Carolina First Steps to School Readiness Board of Trustees ($261k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.2% and program service revenue 95% of the total. Other salaries and wages came to $224k. At year end it held assets of $311k against liabilities of $760k, net assets of -$449k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.