Plan Bee Academy

Analysis

Plan Bee Academy is a registered charity in United States, based in Chesapeake, VA. It received its IRS tax-exemption ruling in June 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 2022, Plan Bee Academy reported income of $8.6m and spending of $5.8m, leaving 33% of income unspent that year. Across the 4 years on record, from June 2019 to June 2022, income grew from $6.0m to $8.6m (+44%), an average of +13% a year. The sharpest change came in the year to June 2020, when income rose by 32%. Over the whole period it spent 61% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Plan Bee Academy sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within VA. Charities of a similar size with the same main cause include Horizon Science Academy Elementary School ($8.6m), Big Picture Schools California Inc ($8.6m) and Ohionet ($8.5m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 6.9% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $517k (9.0% of expenses). At year end it held assets of $15.1m against liabilities of $77k, net assets of $15.0m. It reported 108 employees.