Brookhaven Innovation Academy

Analysis

Brookhaven Innovation Academy is a registered charity in United States, based in Norcross, GA. It received its IRS tax-exemption ruling in November 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, Brookhaven Innovation Academy reported income of $7.1m and spending of $7.0m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.2m to $7.1m (+37%), an average of +8.1% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Brookhaven Innovation Academy sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within GA. Charities of a similar size with the same main cause include Macomb Community College Foundation ($7.1m), Pueblo Community College Foundation ($7.2m) and Evergreen Country Day School Inc ($7.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $139k (2.0% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $17.3m against liabilities of $17.9m, net assets of -$696k. It reported 92 employees.