Academy Foundation Inc

Analysis

Academy Foundation Inc is a registered charity in United States, based in Fayetteville, AR. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Academy Foundation Inc reported income of $51k and spending of $92k, spending 179% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $120k to $51k (-57%), an average of -19% a year. The sharpest change came in the year to June 2023, when income dropped by 43%. Over the whole period it spent 312% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Academy Foundation Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within AR. Charities of a similar size with the same main cause include Sebago Lakes Region Fuller Center for Housing ($51k), Old Buncombe County Genealogical Society Inc ($51k) and Williamstown Fire Company No 1 Death Fund Inc ($51k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $551k against liabilities of $0, net assets of $551k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.