Firm Foundations Academy

Analysis

Firm Foundations Academy is a registered charity in United States, based in Ephrata, PA. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Firm Foundations Academy reported income of $374k and spending of $344k, spending 92% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $265k to $374k (+41%), an average of +41% a year. The sharpest change came in the year to June 2023, when income rose by 41%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Firm Foundations Academy sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within PA. Charities of a similar size with the same main cause include Guanghua Chinese Association Inc ($374k), Artful Learning Inc ($374k) and Energy Leadership Institute Inc ($374k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $32k (9.3% of expenses). Other salaries and wages came to $186k. At year end it held assets of $216k against liabilities of $195k, net assets of $22k. It reported 21 employees.