Knowledge Academies Inc

Analysis

Knowledge Academies Inc is a registered charity in United States, based in Antioch, TN. It received its IRS tax-exemption ruling in May 2011, 15 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, Knowledge Academies Inc reported income of $10.6m and spending of $9.4m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.6m to $10.6m (+0.3%), an average of +0.1% a year. The sharpest change came in the year to June 2022, when income rose by 249%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Knowledge Academies Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TN. Charities of a similar size with the same main cause include Edchoice Inc ($10.6m), Richmond Elementary School Inc ($10.6m) and Furlow Charter School Inc ($10.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 5.8% of the total. Other salaries and wages came to $3.4m. At year end it held assets of $18.9m against liabilities of $11.5m, net assets of $7.5m. It reported 116 employees.