Global Academy

Analysis

Global Academy is a registered charity in United States, based in New Brighton, MN. It received its IRS tax-exemption ruling in June 2008, 18 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, Global Academy reported income of $8.5m and spending of $8.6m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.2m to $8.5m (+18%), an average of +4.3% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Global 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 94th percentile within MN. Charities of a similar size with the same main cause include Peninsula School Ltd ($8.5m), Madison Avenue School of Arts ($8.5m) and Asian University for Women -Auw- Support Foundation ($8.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $726k (8.5% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $4.5m against liabilities of $6.4m, net assets of -$1.9m. It reported 81 employees.