Cambridge Academy

Analysis

Cambridge Academy is a registered charity in United States, based in Greenwood, SC. It received its IRS tax-exemption ruling in September 1968, 58 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 2022, Cambridge Academy reported income of $1.8m and spending of $1.5m, spending 84% of its income. Across the 4 years on record, from June 2019 to June 2022, income grew from $1.1m to $1.8m (+57%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cambridge Academy sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within SC. Charities of a similar size with the same main cause include Tri-State Educational Foundation ($1.8m), New Heights Middle East Inc ($1.8m) and Religious Freedom Institute Inc ($1.8m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 5.7% and program service revenue 93% of the total. Other salaries and wages came to $844k. At year end it held assets of $1.2m against liabilities of $485k, net assets of $675k. It reported 50 employees.