Blackstone Academy Inc

Analysis

Blackstone Academy Inc is a registered charity in United States, based in Pawtucket, RI. It received its IRS tax-exemption ruling in February 2003, 23 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, Blackstone Academy Inc reported income of $7.4m and spending of $7.4m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.9m to $7.4m (+26%), an average of +5.9% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Blackstone Academy Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within RI. Charities of a similar size with the same main cause include Millennium Education Foundation Inc ($7.4m), Pontifical College Josephinum ($7.4m) and Western States Learning Corporation ($7.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 79% of the total. Other salaries and wages came to $3.9m. At year end it held assets of $8.7m against liabilities of $4.1m, net assets of $4.6m. It reported 100 employees.