Bulloch Academy Inc

Analysis

Bulloch Academy Inc is a registered charity in United States, based in Statesboro, GA. It received its IRS tax-exemption ruling in December 1971, 55 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 July 2023, Bulloch Academy Inc reported income of $7.8m and spending of $6.6m, spending 85% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $6.9m to $7.8m (+13%), an average of +3.1% a year. The sharpest change came in the year to July 2022, when income rose by 39%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bulloch Academy Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within GA. Charities of a similar size with the same main cause include Spring Creek Charter School Inc ($7.8m), Houston City College Foundation ($7.8m) and Seed Foundation Inc ($7.8m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 21% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $236k (3.6% of expenses). Other salaries and wages came to $3.5m. It paid $25k in professional fundraising fees. At year end it held assets of $17.3m against liabilities of $3.7m, net assets of $13.6m. It reported 159 employees.