Cupola Academy

Analysis

Cupola Academy is a registered charity in United States, based in Malvern, PA. It received its IRS tax-exemption ruling in October 2021, 5 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, Cupola Academy reported income of $281k and spending of $469k, spending 167% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $751k to $281k (-63%), an average of -62% a year. The sharpest change came in the year to June 2023, when income dropped by 63%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cupola Academy sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within PA. Charities of a similar size with the same main cause include Parent Participation Nursery School ($281k), Green Brook Education and Athletic Foundation Inc ($281k) and Northgate Band Boosters Inc ($281k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $179k (38% of expenses). Other salaries and wages came to $112k. At year end it held assets of $230k against liabilities of $86k, net assets of $144k. It reported 10 employees.