Global Academy Abc

Analysis

Global Academy Abc is a registered charity in United States, based in New Brighton, MN. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Global Academy Abc reported income of $869k and spending of $758k, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $43k to $869k (+1907%), an average of +112% a year. The sharpest change came in the year to June 2020, when income rose by 1703%. Over the whole period it spent 123% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Global Academy Abc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MN. Charities of a similar size with the same main cause include Heartland Christian Homeschool Center Inc ($869k), Caves Valley Golf Club Foundation Inc ($869k) and Bay Area Bioscience Education Community ($869k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 90% of the total. At year end it held assets of $15.0m against liabilities of $15.7m, net assets of -$663k.