A C E Academy

Analysis

A C E Academy is a registered charity in United States, based in Harrisburg, NC. It received its IRS tax-exemption ruling in April 2017, 9 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, A C E Academy reported income of $5.6m and spending of $5.6m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.4m to $5.6m (+29%), an average of +6.5% a year. The sharpest change came in the year to June 2022, when income rose by 16%. 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, A C E Academy sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include Alexander Leigh Center for Autism ($5.6m), Language & Literacy Academy for Learning ($5.6m) and Ilan High School Inc ($5.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $134k (2.4% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $7.5m against liabilities of $6.7m, net assets of $780k. It reported 91 employees.