Vanguard Gifted Academy

Analysis

Vanguard Gifted Academy is a registered charity in United States, based in Batavia, IL. It received its IRS tax-exemption ruling in April 2018, 8 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, Vanguard Gifted Academy reported income of $352k and spending of $346k, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $336k to $352k (+4.7%), an average of +1.5% a year. The sharpest change came in the year to June 2023, when income dropped by 18%. 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, Vanguard Gifted Academy sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within IL. Charities of a similar size with the same main cause include Seeds in His Garden ($352k), Meadows Place Preschool ($352k) and Lighthouse Christian School ($352k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $63k (18% of expenses). Other salaries and wages came to $150k. At year end it held assets of $832k against liabilities of $624k, net assets of $209k. It reported 8 employees.