The Academy Inc

Analysis

The Academy Inc is a registered charity in United States, based in Chubbuck, ID. It received its IRS tax-exemption ruling in May 2006, 20 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 2024, The Academy Inc reported income of $8.2m and spending of $7.3m, spending 88% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $4.2m to $8.2m (+96%), an average of +18% a year. The sharpest change came in the year to June 2024, when income rose by 38%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Academy Inc 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 97th percentile within ID. Charities of a similar size with the same main cause include Olivet Nazarene University Foundation ($8.2m), Casas Comprehensive Adult Student Assessment Systems ($8.2m) and Grand Peak Academy ($8.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $200k (2.8% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $26.6m against liabilities of $21.9m, net assets of $4.7m. It reported 129 employees.