Urban Academy

Analysis

Urban Academy is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in December 2002, 24 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, Urban 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 $5.0m to $8.2m (+65%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Urban 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 MN. Charities of a similar size with the same main cause include Southern California School of Theology ($8.2m), Darrow School ($8.2m) and Compass Charter School ($8.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $424k (5.1% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $16.8m against liabilities of $14.8m, net assets of $2.0m. It reported 68 employees.