Guidance Academy Inc

Analysis

Guidance Academy Inc is a registered charity in United States, based in S Milwaukee, WI. It received its IRS tax-exemption ruling in September 2023, 3 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, Guidance Academy Inc reported income of $2.2m and spending of $2.7m, spending 125% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $2.2m to $2.2m (-1.5%), an average of -1.5% 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, Guidance Academy Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within WI. Charities of a similar size with the same main cause include North Bellmore After-School Center Inc ($2.2m), Up Rva ($2.2m) and New Leaf Prep Academy Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 7.8% of the total. Compensation of current officers, directors and key employees was $57k (2.1% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $931k against liabilities of $474k, net assets of $457k. It reported 52 employees.