Salvaggio Academy

Analysis

Salvaggio Academy is a registered charity in United States, based in Allentown, PA. It received its IRS tax-exemption ruling in October 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, Salvaggio Academy reported income of $2.4m and spending of $1.6m, leaving 33% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.6m to $2.4m (-9.1%), an average of -2.4% a year. The sharpest change came in the year to June 2021, when income rose by 1776%. Over the whole period it spent 6.7% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Salvaggio Academy sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within PA. Charities of a similar size with the same main cause include Colorado Community College System Foundation ($2.4m), Ameris Academy Inc ($2.4m) and Bellevue Schools Foundation ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% of the total. Other salaries and wages came to $827k. At year end it held assets of $46.3m against liabilities of $78k, net assets of $46.2m. It reported 22 employees.