Drexel Academy Inc

Analysis

Drexel Academy Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in May 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, Drexel Academy Inc reported income of $1.7m and spending of $1.1m, leaving 36% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $529k to $1.7m (+214%), an average of +46% a year. The sharpest change came in the year to June 2022, when income rose by 251%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Drexel Academy Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within OK. Charities of a similar size with the same main cause include Marist High School Foundation ($1.7m), St Augustine School ($1.7m) and Madison Public Schools Foundation Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $750k. At year end it held assets of $1.8m against liabilities of $535k, net assets of $1.2m. It reported 29 employees.