Piedmont Academy Inc

Analysis

Piedmont Academy Inc is a registered charity in United States, based in Monticello, GA. It received its IRS tax-exemption ruling in April 1971, 55 years ago. 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, Piedmont Academy Inc reported income of $4.1m and spending of $3.9m, spending 95% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.9m to $4.1m (+117%), an average of +30% a year. The sharpest change came in the year to June 2022, when income rose by 50%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Piedmont Academy Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within GA. Charities of a similar size with the same main cause include Lincroft Senior Citizens Housing Corp Gage Management Corp ($4.1m), San Francisco Lesbian Gay Freedom Day Parade & Celeb Committee Inc ($4.1m) and Duwamish Tribal Services ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.2% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $131k (3.3% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $3.5m against liabilities of $653k, net assets of $2.8m. It reported 83 employees.