Brunswick Academy Association Inc

Analysis

Brunswick Academy Association Inc is a registered charity in United States, based in Lawrenceville, VA. It received its IRS tax-exemption ruling in December 1988, 38 years ago. 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 2024, Brunswick Academy Association Inc reported income of $3.5m and spending of $3.3m, spending 96% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.8m to $3.5m (+26%), an average of +4.8% a year. The sharpest change came in the year to June 2023, when income rose by 47%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Brunswick Academy Association Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include Immanuel Church Housing Corp ($3.5m), Friends of the St Paul Public Library ($3.5m) and Holyoke Young Mens Christian Association Inc ($3.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.0% and program service revenue 92% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $6.9m against liabilities of $2.9m, net assets of $4.0m. It reported 92 employees.