Proud Academy Inc

Analysis

Proud Academy Inc is a registered charity in United States, based in Ansonia, CT. It received its IRS tax-exemption ruling in August 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, Proud Academy Inc reported income of $99k and spending of $28k, leaving 71% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $5,080 to $99k (+1850%), an average of +1850% a year. The sharpest change came in the year to June 2023, when income rose by 1850%. Over the whole period it spent 28% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Proud Academy Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within CT. Charities of a similar size with the same main cause include Lakeview Elementary PTO ($99k), Comprehensive Action Model for Peekskill Inc ($99k) and Ridge Football Club Inc ($99k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $75k against liabilities of $0, net assets of $75k.