Academy for Teachers

Analysis

Academy for Teachers is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Academy for Teachers reported income of $1.6m and spending of $1.3m, leaving 22% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $706k to $1.6m (+129%), an average of +23% a year. The sharpest change came in the year to August 2022, when income rose by 48%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Academy for Teachers sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Midtown Primary School ($1.6m), Becoming Collegiate Academy Inc ($1.6m) and Robert S Hyer School Parent-Teacher Association ($1.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $165k (13% of expenses). Other salaries and wages came to $382k. It paid $36k in professional fundraising fees. At year end it held assets of $1.5m against liabilities of $102k, net assets of $1.3m. It reported 10 employees.