Belmont Academy

Analysis

Belmont Academy is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in December 1974, 52 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 2024, Belmont Academy reported income of $1.3m and spending of $1.3m, spending 100% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $909k to $1.3m (+45%), an average of +7.8% a year. The sharpest change came in the year to June 2022, when income rose by 819%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Belmont Academy sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within OR. Charities of a similar size with the same main cause include First Priority of America Inc ($1.3m), Alabama STEM Education Inc ($1.3m) and Robertson County Fair Association Inc ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $73k (5.5% of expenses). Other salaries and wages came to $752k. At year end it held assets of $544k against liabilities of $52k, net assets of $492k. It reported 32 employees.