East Academy Inc

Analysis

East Academy Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, East Academy Inc reported income of $4.7m and spending of $4.6m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.3m to $4.7m (+43%), an average of +9.4% a year. The sharpest change came in the year to June 2023, when income rose by 35%. 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, East 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 92nd percentile within OH. Charities of a similar size with the same main cause include Depaul School for Hearing and Speech ($4.7m), Torch of Freedom Foundation ($4.7m) and West Valley Christian School Inc ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $1,250 (0.0% of expenses). At year end it held assets of $1.1m against liabilities of $2.5m, net assets of -$1.4m.