Par Excellence Academy

Analysis

Par Excellence Academy is a registered charity in United States, based in Newark, OH. It received its IRS tax-exemption ruling in March 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, Par Excellence Academy reported income of $2.8m and spending of $2.8m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $2.8m (+0.5%), an average of +0.1% a year. The sharpest change came in the year to June 2021, when income rose by 39%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Par Excellence Academy sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within OH. Charities of a similar size with the same main cause include Tampa Bay Innovation Hub Inc ($2.8m), 826 National ($2.8m) and E-Polk ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $3.9m against liabilities of $4.4m, net assets of -$487k. It reported 45 employees.