Fortis Academy Incorporated

Analysis

Fortis Academy Incorporated is a registered charity in United States, based in Liberty Hill, TX. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Fortis Academy Incorporated reported income of $1.1m and spending of $1.1m, spending 98% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $480k to $1.1m (+130%), an average of +23% a year. The sharpest change came in the year to July 2022, when income rose by 69%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fortis Academy Incorporated sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Calhoun Education Foundation Corporation ($1.1m), Impact Ventures Accelerator ($1.1m) and World Basc Organization Inc ($1.1m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 1.8% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $55k (5.1% of expenses). Other salaries and wages came to $660k. At year end it held assets of $831k against liabilities of $483k, net assets of $348k. It reported 63 employees.