Archangels Academy

Analysis

Archangels Academy is a registered charity in United States, based in Marengo, IL. It received its IRS tax-exemption ruling in July 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, Archangels Academy reported income of $458k and spending of $333k, leaving 27% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $149k to $458k (+208%), an average of +208% a year. The sharpest change came in the year to June 2023, when income rose by 208%. Over the whole period it spent 55% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Archangels Academy sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within IL. Charities of a similar size with the same main cause include Die Rasselbande Preschool Inc ($458k), Islamic Academy of South Jersey Inc ($458k) and The Mississippi School for Math & Science Foundation Inc ($458k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 32% of the total. Other salaries and wages came to $212k. At year end it held assets of $276k against liabilities of $5,555, net assets of $271k. It reported 7 employees.