Grosse Pointe Academy

Analysis

Grosse Pointe Academy is a registered charity in United States, based in Grosse Pt FRM, MI. It received its IRS tax-exemption ruling in November 1974, 52 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, Grosse Pointe Academy reported income of $8.2m and spending of $8.3m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.8m to $8.2m (+70%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grosse Pointe Academy sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include Torah School of Greater Washington ($8.2m), Civica Nevada ($8.2m) and Chelan-Douglas Child Services Association ($8.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.4% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $425k (5.1% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $18.0m against liabilities of $6.0m, net assets of $12.0m. It reported 109 employees.