Academy of Basic Education Inc

Analysis

Academy of Basic Education Inc is a registered charity in United States, based in Brookfield, WI. It received its IRS tax-exemption ruling in October 1963, 63 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, Academy of Basic Education Inc reported income of $19.4m and spending of $18.4m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.8m to $19.4m (+16%), an average of +3.7% a year. The sharpest change came in the year to June 2022, when income rose by 15%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Academy of Basic Education Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within WI. Charities of a similar size with the same main cause include Western Christian Schools ($19.4m), Denver Academy Inc ($19.5m) and Community School of Davidson Inc ($19.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.5% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $539k (2.9% of expenses). Other salaries and wages came to $8.8m. At year end it held assets of $44.1m against liabilities of $10.2m, net assets of $33.9m. It reported 349 employees.