Butler Academy

Analysis

Butler Academy is a registered charity in United States, based in Hartsville, SC. It received its IRS tax-exemption ruling in November 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, Butler Academy reported income of $4.5m and spending of $4.8m, spending 107% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $953k to $4.5m (+368%), an average of +67% a year. The sharpest change came in the year to June 2021, when income rose by 290%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Butler Academy sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 94th percentile within SC. Charities of a similar size with the same main cause include Meadowbrook School ($4.5m), Bellevue College Foundation ($4.5m) and Icpc Foundation ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 1.3% of the total. Other salaries and wages came to $2.6m. At year end it held assets of $1.8m against liabilities of $621k, net assets of $1.1m. It reported 88 employees.