Finn Academy an Elmira Charter School

Analysis

Finn Academy an Elmira Charter School is a registered charity in United States, based in Elmira, NY. It received its IRS tax-exemption ruling in January 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 June 2023, Finn Academy an Elmira Charter School reported income of $5.6m and spending of $6.0m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.0m to $5.6m (+12%), an average of +2.9% a year. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Finn Academy an Elmira Charter School sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include St Johns Community Services - Virginia ($5.6m), Quaker Digital Academy ($5.6m) and Success Academy ($5.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $309k (5.1% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $2.3m against liabilities of $981k, net assets of $1.3m. It reported 97 employees.