Academy of Scholastic Achievement

Analysis

Academy of Scholastic Achievement is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 1999, 27 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, Academy of Scholastic Achievement reported income of $2.3m and spending of $2.4m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.3m (+24%), an average of +5.6% a year. The sharpest change came in the year to June 2020, when income rose by 18%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Academy of Scholastic Achievement sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include Learning Enrichment After-School Program Inc ($2.3m), Todays Students Tomorrows Teachers ($2.3m) and Artistyear ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.6% and program service revenue 98% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $783k against liabilities of $68k, net assets of $716k. It reported 23 employees.