Plato Academy Incorporated

Analysis

Plato Academy Incorporated is a registered charity in United States, based in Des Plaines, IL. It received its IRS tax-exemption ruling in March 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 December 2023, Plato Academy Incorporated reported income of $1.1m and spending of $1.0m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $644k to $1.1m (+64%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 79%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Plato Academy Incorporated sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within IL. Charities of a similar size with the same main cause include Quest Science Club ($1.1m), Suncoast Christian Academy Inc ($1.1m) and Give to Learn to Grow Foundation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $33k (3.3% of expenses). Other salaries and wages came to $550k. At year end it held assets of $2.0m against liabilities of $1.7m, net assets of $351k. It reported 27 employees.