Piney Grove Boys Academy Inc

Analysis

Piney Grove Boys Academy Inc is a registered charity in United States, based in Laud Lakes, FL. It received its IRS tax-exemption ruling in August 2013, 13 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, Piney Grove Boys Academy Inc reported income of $1.9m and spending of $1.8m, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.5m to $1.9m (+32%), an average of +9.6% a year. The sharpest change came in the year to June 2022, when income rose by 22%. 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, Piney Grove Boys Academy Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Albert E Farone & Angela T Farone ($1.9m), Montessori Childrens House of the West Coast ($1.9m) and Valley Christian Academy Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $858k. At year end it held assets of $267k against liabilities of $128k, net assets of $138k. It reported 56 employees.