A Step Up Academy Inc

Analysis

A Step Up Academy Inc is a registered charity in United States, based in Jenkintown, PA. It received its IRS tax-exemption ruling in June 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 June 2023, A Step Up Academy Inc reported income of $5.3m and spending of $5.3m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $5.3m (+87%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 40%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, A Step Up Academy Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include University of South Carolina Alumni Association ($5.3m), Sonrise Christian Schools of Southern California Inc ($5.3m) and Texas State University Development Foundation ($5.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.1% and program service revenue 98% of the total. Other salaries and wages came to $3.5m. At year end it held assets of $2.2m against liabilities of $981k, net assets of $1.3m. It reported 108 employees.