Eton Academy

Analysis

Eton Academy is a registered charity in United States, based in Birmingham, MI. It received its IRS tax-exemption ruling in June 1981, 45 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 2022, Eton Academy reported income of $7.6m and spending of $6.7m, spending 89% of its income. Across the 3 years on record, from June 2020 to June 2022, income grew from $7.4m to $7.6m (+2.9%), an average of +1.4% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Eton 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 First State Military Academy ($7.6m), St Annes Episcopal School ($7.6m) and Prairie Crossing Charter School ($7.6m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 9.5% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $348k (5.2% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $18.4m against liabilities of $3.2m, net assets of $15.2m. It reported 109 employees.