Thales Academy

Analysis

Thales Academy is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in April 2009, 17 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, Thales Academy reported income of $43.5m and spending of $41.6m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $57.2m to $43.5m (-24%), an average of -6.6% a year. The sharpest change came in the year to June 2021, when income rose by 198%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Thales Academy sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Passaic Arts and Science Charter School ($43.4m), Montana Technological University Foundation ($43.5m) and District of Columbia International School ($43.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $111k (0.3% of expenses). Other salaries and wages came to $22.6m. At year end it held assets of $158.1m against liabilities of $37.8m, net assets of $120.3m. It reported 750 employees.