Albert Einstein Academy Inc

Analysis

Albert Einstein Academy Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in April 1971, 55 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, Albert Einstein Academy Inc reported income of $1.3m and spending of $1.1m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $846k to $1.3m (+56%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 53%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Albert Einstein Academy Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within DE. Charities of a similar size with the same main cause include Oakstone Academy Palm Beach ($1.3m), Montessori School of Oakton Inc ($1.3m) and Oregon-Unions State Worker Training and Education Fund TR ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $58k (5.3% of expenses). Other salaries and wages came to $377k. It paid $27k in professional fundraising fees. At year end it held assets of $1.3m against liabilities of $743k, net assets of $586k. It reported 18 employees.