Quaker Digital Academy

Analysis

Quaker Digital Academy is a registered charity in United States, based in New Phila, OH. It received its IRS tax-exemption ruling in April 2021, 5 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, Quaker Digital Academy reported income of $5.6m and spending of $4.2m, leaving 24% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $5.0m to $5.6m (+12%), an average of +5.9% a year. The sharpest change came in the year to June 2023, when income rose by 15%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Quaker Digital Academy sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within OH. Charities of a similar size with the same main cause include Finn Academy an Elmira Charter School ($5.6m), Northern Maine Community College Foundation ($5.6m) and St Johns Community Services - Virginia ($5.6m).

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. Compensation of current officers, directors and key employees was $15k (0.4% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $7.2m against liabilities of $6.7m, net assets of $563k. It reported 79 employees.