Alpha Academy Inc

Analysis

Alpha Academy Inc is a registered charity in United States, based in Fayetteville, NC. It received its IRS tax-exemption ruling in November 2001, 25 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 2024, Alpha Academy Inc reported income of $12.8m and spending of $11.2m, spending 87% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $6.8m to $12.8m (+88%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alpha Academy Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include University Co-Operative Society ($12.8m), Casper College Foundation ($12.8m) and Seed School of Los Angeles County ($12.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 20% and program service revenue 80% of the total. Other salaries and wages came to $5.6m. At year end it held assets of $23.2m against liabilities of $9.1m, net assets of $14.2m. It reported 147 employees.