Hmong Academy

Analysis

Hmong Academy is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in June 2004, 22 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, Hmong Academy reported income of $42.5m and spending of $37.7m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $30.8m to $42.5m (+38%), an average of +8.4% a year. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hmong Academy sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within MN. Charities of a similar size with the same main cause include Edp University of Puerto Rico Inc ($42.5m), The Achievement Network Ltd ($42.6m) and Foundation for Advanced Education in the Sciences Inc ($42.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $459k (1.2% of expenses). Other salaries and wages came to $14.8m. At year end it held assets of $40.7m against liabilities of $22.0m, net assets of $18.7m. It reported 368 employees.