Entrepreneurs Academy

Analysis

Entrepreneurs Academy is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 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 December 2023, Entrepreneurs Academy reported income of $612k and spending of $462k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $367k to $612k (+67%), an average of +67% a year. The sharpest change came in the year to December 2023, when income rose by 67%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Entrepreneurs Academy sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within IL. Charities of a similar size with the same main cause include Preshco Inc ($612k), Vermont Businessess for Social Responsibility Resrch & Edctn FDTN ($612k) and Southern Ohio Pga Golf Foundation ($611k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $77k (17% of expenses). Other salaries and wages came to $151k. At year end it held assets of $313k against liabilities of $115k, net assets of $197k.