Petra Academy Inc

Analysis

Petra Academy Inc is a registered charity in United States, based in Bozeman, MT. It received its IRS tax-exemption ruling in November 2000, 26 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 July 2024, Petra Academy Inc reported income of $3.2m and spending of $3.4m, spending 105% of what it took in. Across the 6 years on record, from July 2019 to July 2024, income grew from $1.7m to $3.2m (+96%), an average of +14% a year. The sharpest change came in the year to July 2022, when income rose by 95%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Petra Academy Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within MT. Charities of a similar size with the same main cause include Cornerstone Christian Schools ($3.2m), Central Michigan University Research Corporation ($3.2m) and Virtual Enterprises International Inc ($3.2m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 6.8% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $146k (4.3% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $11.7m against liabilities of $653k, net assets of $11.0m. It reported 83 employees.