Hess Academy Inc

Analysis

Hess Academy Inc is a registered charity in United States, based in Decatur, GA. It received its IRS tax-exemption ruling in June 2020, 6 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, Hess Academy Inc reported income of $1.3m and spending of $1.7m, spending 130% of what it took in. Across the 6 years on record, from June 2018 to June 2023, income grew from $1.1m to $1.3m (+20%), an average of +3.8% a year. The sharpest change came in the year to June 2021, when income rose by 55%. 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, Hess Academy Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within GA. Charities of a similar size with the same main cause include Gulfstream Goodwill Career Academy ($1.3m), Friends of Aspen Academy ($1.3m) and Don Jordahl Youth Enhancement ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $105k (6.0% of expenses). Other salaries and wages came to $918k. At year end it held assets of $854k against liabilities of $335k, net assets of $520k. It reported 25 employees.