Thetford Academy

Analysis

Thetford Academy is a registered charity in United States, based in Thetford Ctr, VT. It received its IRS tax-exemption ruling in May 1972, 54 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, Thetford Academy reported income of $9.1m and spending of $8.9m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.9m to $9.1m (+32%), an average of +7.1% a year. The sharpest change came in the year to June 2021, when income rose by 15%. 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, Thetford Academy 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 95th percentile within VT. Charities of a similar size with the same main cause include Blind Childrens Center Inc ($9.1m), Windber Research Institute ($9.1m) and General Alumni Assoc ($9.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $271k (3.0% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $17.3m against liabilities of $5.5m, net assets of $11.8m. It reported 110 employees.