Athena Academy Inc

Analysis

Athena Academy Inc is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in July 2014, 12 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, Athena Academy Inc reported income of $2.9m and spending of $2.6m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $2.9m (+11%), an average of +2.6% a year. The sharpest change came in the year to June 2021, when income rose by 23%. 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, Athena Academy Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include University of Florida Alumni Association Inc ($2.9m), Georgia Independent School Association ($2.9m) and King County Library System Foundation ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.3% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $245k (9.3% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $3.0m against liabilities of $1.5m, net assets of $1.5m. It reported 25 employees.