Sophia Academy

Analysis

Sophia Academy is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in December 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 December 2023, Sophia Academy reported income of $187k and spending of $174k, spending 93% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $118k to $187k (+59%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 68%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sophia Academy sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within PA. Charities of a similar size with the same main cause include Servantek Inc ($187k), Fairfax High School Athletic Boosters Club Inc ($187k) and Hand-N-Hand Early Learning Center Inc ($187k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. At year end it held assets of $82k against liabilities of $0, net assets of $82k.