Founders Academy

Analysis

Founders Academy is a registered charity in United States, based in Manchester, NH. It received its IRS tax-exemption ruling in June 2015, 11 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, Founders Academy reported income of $3.9m and spending of $3.9m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.0m to $3.9m (+29%), an average of +8.9% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Founders Academy sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NH. Charities of a similar size with the same main cause include People Sustaining Kings Valley ($3.9m), Duke Janjun Services Inc ($3.9m) and New Mexico School for the Arts Art Institute ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $118k (3.0% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $3.0m against liabilities of $1.1m, net assets of $1.9m. It reported 81 employees.