Triumph Academy Inc

Analysis

Triumph Academy Inc is a registered charity in United States, based in Brigham City, UT. It received its IRS tax-exemption ruling in September 2014, 12 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 December 2023, Triumph Academy Inc reported income of $1.0m and spending of $1.1m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $1.0m (-6.3%), an average of -1.6% a year. The sharpest change came in the year to December 2020, when income rose by 41%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Triumph Academy Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within UT. Charities of a similar size with the same main cause include The University of Virginia Frank Batten School of Leadership and ($1.0m), National Academic Youth Corps Inc ($1.0m) and The Minneapolis Community and Technical College Foundation Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.0% and program service revenue 93% of the total. Other salaries and wages came to $160k. At year end it held assets of $417k against liabilities of $232k, net assets of $184k. It reported 3 employees.