Peer Academy

Analysis

Peer Academy is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in October 2017, 9 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 September 2023, Peer Academy reported income of $920k and spending of $784k, spending 85% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $231k to $920k (+299%), an average of +59% a year. The sharpest change came in the year to September 2022, when income rose by 75%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Peer Academy sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within TN. Charities of a similar size with the same main cause include Holy Trinity Armenian Pre-School Inc ($920k), Thrive Baton Rouge ($920k) and New Carlisle Library Board ($920k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 30% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $46k (5.9% of expenses). Other salaries and wages came to $479k. At year end it held assets of $2.4m against liabilities of $2.5m, net assets of -$29k. It reported 23 employees.