Academy of Greatness & Excellence

Analysis

Academy of Greatness & Excellence is a registered charity in United States, based in Teaneck, NJ. It received its IRS tax-exemption ruling in August 2016, 10 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 July 2023, Academy of Greatness & Excellence reported income of $4.8m and spending of $3.3m, leaving 33% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $2.6m to $4.8m (+86%), an average of +17% a year. The sharpest change came in the year to July 2023, when income rose by 38%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Academy of Greatness & Excellence 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 93rd percentile within NJ. Charities of a similar size with the same main cause include Iron Workers Local Union No 25 Training Fund ($4.8m), Taylors Crossing Public Charter School ($4.8m) and St Cloud Math and Science Academy ($4.8m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 3.1% and program service revenue 82% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $21.6m against liabilities of $17.7m, net assets of $3.9m. It reported 23 employees.