Excelsior Academy

Analysis

Excelsior Academy is a registered charity in United States, based in Irmo, SC. It received its IRS tax-exemption ruling in September 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, Excelsior Academy reported income of $397k and spending of $359k, spending 90% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $317k to $397k (+25%), an average of +5.8% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Excelsior Academy sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within SC. Charities of a similar size with the same main cause include Caps Network Inc ($397k), Rhode Island Construction Training Academy ($398k) and Circle of Sisterhood Foundation Inc ($397k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $232k. At year end it held assets of $128k against liabilities of $27k, net assets of $100k. It reported 50 employees.