Big Academy

Analysis

Big Academy is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Big Academy reported income of $321k and spending of $324k, spending 101% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $297k to $321k (+8.1%), an average of +4.0% a year. The sharpest change came in the year to December 2023, when income rose by 83%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Big Academy sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within IL. Charities of a similar size with the same main cause include Lighthouse Christian Athletics ($321k), Whatcom Prep Baseball Association ($321k) and Rainbow Gymnastics Inc ($321k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $57k (18% of expenses). At year end it held assets of $58k against liabilities of $0, net assets of $58k.