Patrick Henry Academy Inc

Analysis

Patrick Henry Academy Inc is a registered charity in United States, based in Estill, SC. It received its IRS tax-exemption ruling in March 1997, 29 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 May 2023, Patrick Henry Academy Inc reported income of $1.9m and spending of $1.9m, spending 98% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $1.1m to $1.9m (+82%), an average of +16% a year. The sharpest change came in the year to May 2020, when income rose by 43%. 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, Patrick Henry Academy Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within SC. Charities of a similar size with the same main cause include George Foundation ($1.9m), The Foundation for Education Inc ($1.9m) and Greater Texas Services Inc ($1.9m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $63k (3.3% of expenses). Other salaries and wages came to $975k. At year end it held assets of $2.8m against liabilities of $186k, net assets of $2.6m. It reported 44 employees.