Thomas Heyward Academy Inc

Analysis

Thomas Heyward Academy Inc is a registered charity in United States, based in Ridgeland, SC. It received its IRS tax-exemption ruling in August 1970, 56 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 May 2024, Thomas Heyward Academy Inc reported income of $2.1m and spending of $2.1m, spending 99% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $1.8m to $2.1m (+17%), an average of +4.1% a year. The sharpest change came in the year to May 2023, when income rose by 60%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Thomas Heyward Academy Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within SC. Charities of a similar size with the same main cause include Glenwood Academy ($2.1m), Write the World Inc ($2.1m) and Salish School of Spokane ($2.1m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 8.7% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $83k (4.1% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $2.1m against liabilities of $146k, net assets of $2.0m. It reported 60 employees.