The Academy Group

Analysis

The Academy Group is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Academy Group reported income of $4.2m and spending of $6.8m, spending 162% of what it took in. Across the 4 years on record, from December 2020 to June 2023, income grew from $215k to $4.2m (+1851%), an average of +169% a year. The sharpest change came in the year to June 2022, when income rose by 9183%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Academy Group sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within IL. Charities of a similar size with the same main cause include Oregon and Southern Idaho Laborers- Employers Training TR ($4.2m), Northeast Charter Schools Network Inc ($4.2m) and Willows Academy ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $537k (7.9% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $534k against liabilities of $524k, net assets of $10k. It reported 38 employees.