Eastside Academy

Analysis

Eastside Academy is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in May 2002, 24 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 2023, Eastside Academy reported income of $3.1m and spending of $2.5m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $3.1m (+47%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 41%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Eastside Academy sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within WA. Charities of a similar size with the same main cause include Countryside School of Champaign- Urbana Inc ($3.1m), Arbor School of Arts and Sciences ($3.1m) and Trinity Oaks Christian Academy ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $142k (5.8% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $3.1m against liabilities of $95k, net assets of $3.0m. It reported 27 employees.