Acton Academy of Bergen County Inc

Analysis

Acton Academy of Bergen County Inc is a registered charity in United States, based in Closter, NJ. It received its IRS tax-exemption ruling in October 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 2024, Acton Academy of Bergen County Inc reported income of $683k and spending of $676k, spending 99% of its income. Across the 4 years on record, from June 2021 to June 2024, income grew from $310k to $683k (+120%), an average of +30% a year. The sharpest change came in the year to June 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, Acton Academy of Bergen County Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 78th percentile within NJ. Charities of a similar size with the same main cause include Institute for Strategic Policy Solutions ($683k), Walters State Community College Foundation ($683k) and Brighton Academy an Oregon Corporation ($682k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.8% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $79k (12% of expenses). Other salaries and wages came to $238k. At year end it held assets of $269k against liabilities of $7,002, net assets of $262k. It reported 7 employees.