Academy for Children

Analysis

Academy for Children is a registered charity in United States, based in Calumet City, IL. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Academy for Children reported income of $989k and spending of $969k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $989k (-9.3%), an average of -2.4% a year. The sharpest change came in the year to December 2021, when income dropped by 23%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Academy for Children sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within IL. Charities of a similar size with the same main cause include United Way of Central Kentucky Inc ($989k), Dallas Metro Inc ($989k) and Sarahs House ($989k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $62k (6.3% of expenses). Other salaries and wages came to $428k. At year end it held assets of $2.4m against liabilities of $440k, net assets of $2.0m.