Eagles Academy Incorporated

Analysis

Eagles Academy Incorporated is a registered charity in United States, based in Albemarle, NC. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Eagles Academy Incorporated reported income of $394k and spending of $278k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $282k to $394k (+40%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Eagles Academy Incorporated sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include Childrens Hope International ($394k), Ohio County & Independent Agricultural Societies ($394k) and Mitchell Hospice House ($394k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.0% of the total. Compensation of current officers, directors and key employees was $19k (6.9% of expenses). Other salaries and wages came to $165k. At year end it held assets of $235k against liabilities of $6,637, net assets of $228k. It reported 8 employees.