Athens Academy Inc

Analysis

Athens Academy Inc is a registered charity in United States, based in Athens, GA. It received its IRS tax-exemption ruling in December 1966, 60 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, Athens Academy Inc reported income of $22.6m and spending of $21.7m, spending 96% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $21.5m to $22.6m (+5.3%), an average of +1.3% a year. The sharpest change came in the year to July 2023, when income rose by 16%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Athens Academy Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within GA. Charities of a similar size with the same main cause include Eastern Nazarene College ($22.6m), Thacher School Inc ($22.6m) and American Indian Model Schools ($22.6m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 6.2% and program service revenue 85% of the total. Other salaries and wages came to $10.0m. At year end it held assets of $65.7m against liabilities of $21.3m, net assets of $44.4m. It reported 348 employees.