Sojourner Truth Academy

Analysis

Sojourner Truth Academy is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in July 1999, 27 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, Sojourner Truth Academy reported income of $6.6m and spending of $6.5m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.0m to $6.6m (-5.8%), an average of -1.5% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sojourner Truth Academy sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include Methodist Theological School in Ohio ($6.6m), Phoenix Alternatives Inc ($6.6m) and Desert Sands United School District School Building Corporation ($6.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $475k (7.3% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $6.9m against liabilities of $8.6m, net assets of -$1.7m. It reported 101 employees.