Accuracy in Academia Inc

Analysis

Accuracy in Academia Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 1985, 41 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Accuracy in Academia Inc reported income of $85k and spending of $80k, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $95k to $85k (-9.9%), an average of -2.6% a year. The sharpest change came in the year to June 2020, when income dropped by 20%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Accuracy in Academia Inc sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 16th percentile within DC. Charities of a similar size with the same main cause include Worcester County Saint Patricks Parade Inc ($85k), Cornwall Bridge Ideas Inc ($85k) and Friday Morning Music Club Foundation Incorporated ($85k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% of the total. Compensation of current officers, directors and key employees was $24k (29% of expenses). Other salaries and wages came to $9,040. At year end it held assets of $444k against liabilities of $2,356, net assets of $441k. It reported 5 employees.