Paideia Academy

Analysis

Paideia Academy is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in November 2004, 22 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, Paideia Academy reported income of $2.7m and spending of $2.8m, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.6m to $2.7m (+3.5%), an average of +1.2% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Paideia Academy sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within TN. Charities of a similar size with the same main cause include Greenville Christian School Inc ($2.7m), Advance Memphis ($2.7m) and Wheaton Montessori School ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.2% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $74k (2.6% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $5.1m against liabilities of $2.8m, net assets of $2.3m. It reported 88 employees.