Olympus International Academy

Analysis

Olympus International Academy is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in June 2020, 6 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 2024, Olympus International Academy reported income of $5.1m and spending of $4.6m, spending 91% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.8m to $5.1m (+179%), an average of +29% a year. The sharpest change came in the year to June 2022, when income rose by 50%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Olympus International Academy sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Menominee Delta Schoolcraft Community Action Agency ($5.1m), Educare of West Dupage ($5.1m) and Bloom Academy Inc ($5.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 12% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $115k (2.5% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $14.1m against liabilities of $13.4m, net assets of $722k. It reported 69 employees.