Premier Academy Inc

Analysis

Premier Academy Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in July 1974, 52 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 December 2023, Premier Academy Inc reported income of $4.5m and spending of $4.3m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.6m to $4.5m (-21%), an average of -5.6% a year. The sharpest change came in the year to December 2020, when income dropped by 40%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Premier 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 93rd percentile within GA. Charities of a similar size with the same main cause include The United Way of Greater Waterbury Inc ($4.5m), Florida Council for Community Mental Health Inc ($4.5m) and Young Mens Christian Association of El Paso ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 42% of the total. At year end it held assets of $5.6m against liabilities of $2.8m, net assets of $2.8m. It reported 102 employees.