Elmwood Academy

Analysis

Elmwood Academy is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in August 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, Elmwood Academy reported income of $4.3m and spending of $4.0m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $4.3m (+72%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Elmwood Academy sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include DSST Public Schools Foundation ($4.3m), Competency-Based Education Network Inc ($4.3m) and Slippery Rock University Foundation Inc ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.7% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $212k (5.3% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $2.8m against liabilities of $1.5m, net assets of $1.3m. It reported 26 employees.