Sylva-Bay Academy Inc

Analysis

Sylva-Bay Academy Inc is a registered charity in United States, based in Bay Springs, MS. It received its IRS tax-exemption ruling in April 2007, 19 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, Sylva-Bay Academy Inc reported income of $1.7m and spending of $1.6m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $1.7m (+7.8%), an average of +1.9% a year. The sharpest change came in the year to June 2021, when income rose by 15%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sylva-Bay Academy Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within MS. Charities of a similar size with the same main cause include Minarys Dream Alliance ($1.7m), Wilson Research Foundation ($1.7m) and George S and Dolores Dore Eccles Endowment for Medical School Excel ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 82% of the total. Other salaries and wages came to $758k. At year end it held assets of $1.6m against liabilities of $60k, net assets of $1.5m. It reported 43 employees.