Jefferson Academy

Analysis

Jefferson Academy is a registered charity in United States, based in Kaysville, UT. 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, Jefferson Academy reported income of $5.7m and spending of $5.2m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.2m to $5.7m (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Jefferson Academy sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within UT. Charities of a similar size with the same main cause include Wharton Graduate Association Twga Inc ($5.7m), Rosenberg Library Association ($5.7m) and Kappa Alpha Theta Foundation ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.7% of the total. At year end it held assets of $10.9m against liabilities of $11.3m, net assets of -$413k.