Urban Act Academy

Analysis

Urban Act Academy is a registered charity in United States, based in Anderson, IN. It received its IRS tax-exemption ruling in May 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, Urban Act Academy reported income of $6.7m and spending of $5.4m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.1m to $6.7m (+64%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 38%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Urban Act Academy sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within IN. Charities of a similar size with the same main cause include Educators for Excellence ($6.7m), City Neighbors High School ($6.7m) and Classical Academies Cfa Inc ($6.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $339k (6.2% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $2.7m against liabilities of $47k, net assets of $2.7m. It reported 55 employees.