The Academy at Penguin Hall Inc

Analysis

The Academy at Penguin Hall Inc is a registered charity in United States, based in Wenham, MA. It received its IRS tax-exemption ruling in August 2016, 10 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, The Academy at Penguin Hall Inc reported income of $5.7m and spending of $5.6m, spending 99% of its income. Across the 6 years on record, from June 2018 to June 2023, income grew from $3.1m to $5.7m (+80%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 150%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Academy at Penguin Hall Inc 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 92nd percentile within MA. Charities of a similar size with the same main cause include Millennium School of San Francisco ($5.7m), University of Minnesota Foundation Investment Advisors ($5.7m) and Penn State Research Foundation ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.0% and program service revenue 69% of the total. Other salaries and wages came to $2.3m. At year end it held assets of $19.8m against liabilities of $26.3m, net assets of -$6.5m. It reported 70 employees.