Duluth Public Schools Academy

Analysis

Duluth Public Schools Academy is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in September 1997, 29 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, Duluth Public Schools Academy reported income of $17.0m and spending of $17.7m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $20.5m to $17.0m (-17%), an average of -4.6% a year. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Duluth Public Schools Academy 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 MN. Charities of a similar size with the same main cause include University Auxiliary Services at Albany Inc ($17.0m), University of Alaska Foundation ($17.0m) and Amistad Academy Inc ($17.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $246k (1.4% of expenses). Other salaries and wages came to $8.9m. At year end it held assets of $8.3m against liabilities of $18.5m, net assets of -$10.2m. It reported 266 employees.