Global Academy Inc

Analysis

Global Academy Inc is a registered charity in United States, based in Clovis, CA. It received its IRS tax-exemption ruling in August 2020, 6 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, Global Academy Inc reported income of $4.1m and spending of $3.1m, leaving 26% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $1.7m to $4.1m (+148%), an average of +57% a year. The sharpest change came in the year to June 2023, when income rose by 62%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Global Academy Inc 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 CA. Charities of a similar size with the same main cause include Community Therapeutic Day School Inc ($4.1m), Meher Schools ($4.1m) and Stone Creek Elementary ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $122k (4.0% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $3.4m against liabilities of $1.6m, net assets of $1.8m. It reported 55 employees.