Slam Academy of Atlanta Inc

Analysis

Slam Academy of Atlanta Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in April 2019, 7 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, Slam Academy of Atlanta Inc reported income of $3.2m and spending of $3.4m, spending 109% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income grew from $1.5m to $3.2m (+109%), an average of +28% a year. The sharpest change came in the year to June 2023, when income rose by 64%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Slam Academy of Atlanta Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Wilkinson Center ($3.2m), Rockingham Library Association ($3.2m) and Southwest Georgia Academy Inc ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Other salaries and wages came to $896k. At year end it held assets of $8.5m against liabilities of $9.5m, net assets of -$1.0m. It reported 31 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.