Cajal Academy Inc

Analysis

Cajal Academy Inc is a registered charity in United States, based in Norwalk, CT. It received its IRS tax-exemption ruling in February 2022, 4 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, Cajal Academy Inc reported income of $978k and spending of $610k, leaving 38% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $189k to $978k (+416%), an average of +127% a year. The sharpest change came in the year to June 2023, when income rose by 152%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cajal Academy Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within CT. Charities of a similar size with the same main cause include Oliver Wolcott Library Inc ($977k), Promys Foundation ($978k) and Northeastern Junior College Foundation ($977k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $121k (20% of expenses). Other salaries and wages came to $292k. At year end it held assets of $519k against liabilities of $47k, net assets of $472k. It reported 5 employees.