Academy at Glengary Inc

Analysis

Academy at Glengary Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Academy at Glengary Inc reported income of $2.2m and spending of $1.6m, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $478k to $2.2m (+371%), an average of +47% a year. The sharpest change came in the year to June 2020, when income rose by 128%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Academy at Glengary 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 87th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include The Oaks Community Center Inc ($2.2m), Asian American Educational and Cultural Resources Center Inc ($2.2m) and Forge Financing Ozark Rural Growth and Economy ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $112k (6.9% of expenses). Other salaries and wages came to $638k. It paid $12k in professional fundraising fees. At year end it held assets of $2.4m against liabilities of $109k, net assets of $2.2m. It reported 15 employees.