Shumway Academy Ltd

Analysis

Shumway Academy Ltd is a registered charity in United States, based in Rexburg, ID. It received its IRS tax-exemption ruling in February 2002, 24 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 December 2023, Shumway Academy Ltd reported income of $391k and spending of $310k, leaving 21% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $282k to $391k (+39%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Shumway Academy Ltd sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within ID. Charities of a similar size with the same main cause include Learning Foundation Inc ($391k), Sheet Metal Local 7 Zone 3 Apprenti Ceship Fund ($391k) and Trinity Academy Inc ($391k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $53k (17% of expenses). Other salaries and wages came to $167k. At year end it held assets of $231k against liabilities of $111k, net assets of $120k. It reported 21 employees.