Worthmore Academy Inc

Analysis

Worthmore Academy Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in October 2015, 11 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, Worthmore Academy Inc reported income of $284k and spending of $284k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $269k to $284k (+5.3%), an average of +5.3% a year. 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, Worthmore Academy Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within IN. Charities of a similar size with the same main cause include Tampa Alumni Guide Right Foundation Inc ($284k), Alpha Epsilon Delta ($284k) and Columbus Opportunity Scholarship Fund Inc ($284k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Other salaries and wages came to $124k. At year end it held assets of $284k against liabilities of $284k, net assets of $0. It reported 8 employees.