Policy Academies

Analysis

Policy Academies is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Policy Academies reported income of $1.1m and spending of $2.3m, spending 212% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $478k to $1.1m (+127%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 605%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Policy Academies sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 56th percentile within DC. Charities of a similar size with the same main cause include Boys & Girls Club of Syracuse ($1.1m), Almadina Academy ($1.1m) and Lake Agassiz Regional Development Corporation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $763k (33% of expenses). Other salaries and wages came to $67k. At year end it held assets of $2.9m against liabilities of $271k, net assets of $2.7m. It reported 4 employees.