Visible Men Academy Inc

Analysis

Visible Men Academy Inc is a registered charity in United States, based in Bradenton, FL. It received its IRS tax-exemption ruling in February 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, Visible Men Academy Inc reported income of $1.3m and spending of $2.0m, spending 148% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.8m to $1.3m (-25%), an average of -7.0% a year. The sharpest change came in the year to June 2023, when income dropped by 41%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Visible Men 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 84th percentile within FL. Charities of a similar size with the same main cause include Asheville Waldorf School Inc ($1.3m), BDF Elementary ($1.3m) and Minnesota Section Pga Foundation ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 54% of the total. Other salaries and wages came to $847k. At year end it held assets of $737k against liabilities of $182k, net assets of $555k. It reported 22 employees.