Prodeo Academy

Analysis

Prodeo Academy is a registered charity in United States, based in Columbia HTS, MN. It received its IRS tax-exemption ruling in March 2012, 14 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, Prodeo Academy reported income of $18.6m and spending of $19.5m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.5m to $18.6m (+77%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Prodeo Academy sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MN. Charities of a similar size with the same main cause include Bancroft School ($18.6m), Urban Dove Team Charter School ($18.6m) and New York School of Interior Design ($18.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $322k (1.7% of expenses). Other salaries and wages came to $9.5m. At year end it held assets of $10.3m against liabilities of $15.6m, net assets of -$5.3m. It reported 305 employees.