The Academy Group
The Academy Group reported $11.5 million in revenue and $12.8 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $74.02 went to program services, $22.16 to management and general costs and $3.82 to fundraising. Its largest source of revenue was contributions and grants: 100.0% of the total. The highest compensation it reported for one person was $349,905 (CEO - CHICAGO ACADEMY). 11 people received more than $100,000 in reportable compensation. Revenue rose 5233% between 2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $13MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $11MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 74.0% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 22.2% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 3.8% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.04 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 100.0% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $349,905 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.74% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 11 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 0.0 | 13.3 |
| Independent voting board members Part VI 1a–1b | 4 of 4 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseThe Academy Group (academy) works with families from across regions: boston, chicago, detroit, and los angeles. Ninety-five percent of the students the organization serves are black and brown and the organization will continue to expand our reach to support young people from resilient communities. In addition, the organization serves young adults who attend a broad range of colleges and universities.over a fourteen-year journey, the academy guides students through intense interdisciplinary exploration of business, wealth creation, and leadership. Programming at the academy is rigorous…
The amplify chicago (amplify) program is a wealth-building pathway integrating career, leadership, and entrepreneurship for 21 to 30- year-old young men and women from the most resilient communities that have been disproportionately impacted by violence, criminalization, economic disruption, and educational disinvestment.amplify's holistic approach to closing the opportunity gap is grounded in transformative relationships and designed to accelerate business, academic, social, and emotional growth. Through the intensive internship and apprenticeship model, participants earn industry…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO - CHICAGO ACADEMY Officer, 40.00 hrs/week | $303,745 | $0 | $46,160 | $349,905 |
| CHIEF STRATEGY AND INNOVATION OFFICER Key employee, 40.00 hrs/week | $247,813 | $0 | $38,682 | $286,495 |
| CEO - AMPLIFY Officer, 40.00 hrs/week | $237,683 | $0 | $18,456 | $256,139 |
| CHIEF HUMAN RESOURCES OFFICER Key employee, 40.00 hrs/week | $202,209 | $0 | $21,514 | $223,723 |
| SENIOR DIRECTOR OF PARTNERSHIPS Highest compensated employee, 40.00 hrs/week | $135,142 | $0 | $17,957 | $153,099 |
| DIRECTOR OF STRATEGY Highest compensated employee, 40.00 hrs/week | $123,930 | $0 | $28,462 | $152,392 |
| DIRECTOR OF ALUMNI Highest compensated employee, 40.00 hrs/week | $116,791 | $0 | $30,956 | $147,747 |
| SENIOR DIRECTOR, AMPLIFY CHICAGO Highest compensated employee, 40.00 hrs/week | $115,128 | $0 | $27,393 | $142,521 |
11 people received more than $100,000 in reportable compensation from The Academy Group (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.2M (Part IX, line 5).
5 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b4 · 4 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 566
- Volunteers Part I, line 64
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses onlyIndividuals listed as contractors are left out. 2 contractors were paid more than $100,000 in all.
Private foundation grants it received
1 private foundation reported grants to The Academy Group totaling $20,000 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from The Academy Group's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Academy Group, you can publish a response that is linked from this page.
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Of every $100 The Academy Group spent in FY2025, $74.02 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Community Roots Charter SchoolLaguna Niguel, CA · revenue $11M · programs 79.6% · FY2025
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- The Wilberforce SchoolPrinceton, NJ · revenue $11M · programs 80.2% · FY2025
- IntermediaryEdMount Vernon, IA · revenue $11M · programs 13.7% · FY2025
- North Carolina Textile FoundationRaleigh, NC · revenue $11M · programs 73.8% · FY2025
Questions people ask
How much of The Academy Group's spending goes to programs?
In the fiscal year ending June 30, 2025, The Academy Group reported that 74.0% of its $12.8 million in expenses went to program services, 22.2% to management and general and 3.8% to fundraising (Form 990, Part IX).
How much does The Academy Group pay its top executive?
The largest total compensation The Academy Group reported for one person in the fiscal year ending June 30, 2025 was $349,905, for the role of CEO - CHICAGO ACADEMY (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Academy Group get its money?
Of $11.5 million in revenue in the fiscal year ending June 30, 2025, 100.0% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is The Academy Group a registered charity?
The IRS lists EIN 84-1737086 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202601359349305050 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511349349311836 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431319349304148 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202400259349300035 · read the filing
- 2020: Form 990 for calendar year 2020, object 202301389349300230 · read the filing
All filings for EIN 84-1737086: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.