Providence Hybrid Academy

Analysis

Providence Hybrid Academy is a registered charity in United States, based in Coopersburg, PA. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Providence Hybrid Academy reported income of $442k and spending of $354k, spending 80% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $250k to $442k (+77%), an average of +33% a year. The sharpest change came in the year to June 2024, when income rose by 46%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Providence Hybrid Academy sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within PA. Charities of a similar size with the same main cause include Adult School of the Chathams Madison & Florham Park ($441k), Healthy Cities Tutoring Inc ($442k) and Sophia Montessori Academy ($441k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 9.5% and program service revenue 85% of the total. Other salaries and wages came to $237k. At year end it held assets of $155k against liabilities of $8,251, net assets of $147k. It reported 20 employees.