Academy for Precision Learning Inc

Analysis

Academy for Precision Learning Inc is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in May 2002, 24 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 August 2023, Academy for Precision Learning Inc reported income of $9.7m and spending of $7.9m, spending 82% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $5.0m to $9.7m (+94%), an average of +18% a year. The sharpest change came in the year to August 2023, when income rose by 40%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Academy for Precision Learning Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within WA. Charities of a similar size with the same main cause include John Paul the Great Catholic University ($9.7m), Marcy Lab Inc ($9.7m) and Ecole Francaise Internationale de Philadelphie ($9.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 22% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $259k (3.3% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $3.2m against liabilities of $2.0m, net assets of $1.2m. It reported 217 employees.