Privett Academy

Analysis

Privett Academy is a registered charity in United States, based in Mercer Island, WA. It received its IRS tax-exemption ruling in April 2001, 25 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 June 2024, Privett Academy reported income of $1.2m and spending of $1.3m, spending 111% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $1.4m to $1.2m (-14%), an average of -3.1% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Privett Academy sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within WA. Charities of a similar size with the same main cause include Raising Expectations Inc ($1.2m), Growing Inland Achievement ($1.2m) and Flywheel Fund for Career Choice ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $238k (18% of expenses). Other salaries and wages came to $732k. At year end it held assets of $194k against liabilities of $0, net assets of $194k. It reported 11 employees.