Greensboro Academy Inc

Analysis

Greensboro Academy Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in August 2002, 24 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, Greensboro Academy Inc reported income of $8.5m and spending of $8.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.7m to $8.5m (+27%), an average of +6.1% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Greensboro Academy Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Taylion High Desert ($8.5m), Library Foundation of Los Angeles ($8.5m) and Urban Pathways K-5 College Charter School ($8.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.6% of the total. Other salaries and wages came to $2.8m. At year end it held assets of $1.4m against liabilities of $1.3m, net assets of $100k.