The Academic Mastery Alternative Education Academy

Analysis

The Academic Mastery Alternative Education Academy is a registered charity in United States, based in Posen, IL. It received its IRS tax-exemption ruling in August 2023, 3 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, The Academic Mastery Alternative Education Academy reported income of $1.7m and spending of $1.6m, spending 94% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $1.2m to $1.7m (+47%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 29%. 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, The Academic Mastery Alternative Education Academy sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within IL. Charities of a similar size with the same main cause include Wells County Foundation Inc ($1.7m), Middle Georgia State College Real Estate Foundation Inc ($1.7m) and Big Pine Elementary Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $117k (7.2% of expenses). Other salaries and wages came to $958k. At year end it held assets of $442k against liabilities of $295k, net assets of $147k. It reported 46 employees.