Academy for Five Element Acupuncture Inc

Analysis

Academy for Five Element Acupuncture Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in January 1997, 29 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 September 2023, Academy for Five Element Acupuncture Inc reported income of $1.1m and spending of $1.4m, spending 127% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.5m to $1.1m (-26%), an average of -7.2% a year. The sharpest change came in the year to September 2023, when income dropped by 39%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Academy for Five Element Acupuncture Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Supportive Parents of Really Talented Students ($1.1m), Bethany Charter School ($1.1m) and Creative Identity ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $142k (10% of expenses). Other salaries and wages came to $634k. At year end it held assets of $3.0m against liabilities of $2.1m, net assets of $928k. It reported 20 employees.