Torah Academy of Jacksonville Inc

Analysis

Torah Academy of Jacksonville Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in March 2013, 13 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 July 2024, Torah Academy of Jacksonville Inc reported income of $1.4m and spending of $1.3m, spending 95% of its income. Across the 6 years on record, from July 2019 to July 2024, income grew from $720k to $1.4m (+96%), an average of +14% a year. The sharpest change came in the year to July 2020, when income rose by 35%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Torah Academy of Jacksonville Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include Maplestone ($1.4m), Waxahachie Preparatory Academy Ministries ($1.4m) and Texas International Baccalaureate Schools ($1.4m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 38% and program service revenue 62% of the total. Other salaries and wages came to $986k. At year end it held assets of $405k against liabilities of $61k, net assets of $343k. It reported 45 employees.