Usul Academy

Analysis

Usul Academy is a registered charity in United States, based in Lombard, IL. 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 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, Usul Academy reported income of $440k and spending of $279k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $221k to $440k (+100%), an average of +100% a year. The sharpest change came in the year to December 2023, when income rose by 100%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Usul Academy sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within IL. Charities of a similar size with the same main cause include Berkeley Alembic Foundation ($440k), Ceiba Connections ($440k) and Colombos Charitable Foundation ($440k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $66k. At year end it held assets of $208k against liabilities of $0, net assets of $208k.