Gan Academy

Analysis

Gan Academy is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 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 December 2023, Gan Academy reported income of $1.3m and spending of $1.4m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $552k to $1.3m (+140%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gan Academy sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Thinking Nation Corp ($1.3m), Chautauqua Charter School Inc ($1.3m) and Thrival Academy Indy Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. At year end it held assets of $278k against liabilities of $180k, net assets of $98k. It reported 43 employees.