Peoria Academy Inc

Analysis

Peoria Academy Inc is a registered charity in United States, based in Peoria, IL. It received its IRS tax-exemption ruling in May 2000, 26 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, Peoria Academy Inc reported income of $1.9m and spending of $2.3m, spending 122% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.0m to $1.9m (-7.2%), an average of -2.5% a year. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Peoria Academy Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include Teamability Inc ($1.9m), Aylett Country Day School Inc ($1.9m) and Crawford Christian Academy ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.1% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $85k (3.7% of expenses). Other salaries and wages came to $993k. At year end it held assets of $4.8m against liabilities of $2.2m, net assets of $2.5m. It reported 47 employees.