Titusville Academy Inc

Analysis

Titusville Academy Inc is a registered charity in United States, based in Titusville, NJ. It received its IRS tax-exemption ruling in June 1989, 37 years ago. 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, Titusville Academy Inc reported income of $5.0m and spending of $4.9m, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $4.8m to $5.0m (+5.1%), an average of +1.2% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Titusville Academy Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include Arc of Greater Prince William Insight Inc ($5.0m), Tri State Steelheaders ($5.0m) and The Bhutan Foundation ($5.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $303k (6.2% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $2.1m against liabilities of $741k, net assets of $1.3m. It reported 84 employees.