Hellenic American Academy Foundation NFP

Analysis

Hellenic American Academy Foundation NFP is a registered charity in United States, based in Deerfield, IL. It received its IRS tax-exemption ruling in May 2007, 19 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, Hellenic American Academy Foundation NFP reported income of $2.7m and spending of $2.1m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $2.7m (+90%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 143%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hellenic American Academy Foundation NFP sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include Hilltop Montessori School Inc ($2.7m), Six Seconds ($2.7m) and Discovery Charter School Inc ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 58% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $5.6m against liabilities of $3.3m, net assets of $2.3m. It reported 63 employees.