Primoris Academy Inc

Analysis

Primoris Academy Inc is a registered charity in United States, based in Paramus, NJ. It received its IRS tax-exemption ruling in February 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 December 2023, Primoris Academy Inc reported income of $2.4m and spending of $2.3m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.4m (+56%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Primoris Academy Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include Indiana Agriculture Education Inc ($2.4m), Center for Automotive Education and Training Inc ($2.4m) and Catholic Distance University Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $856k against liabilities of $0, net assets of $856k. It reported 28 employees.