Tooba Academy Inc

Analysis

Tooba Academy Inc is a registered charity in United States, based in Columbus, OH. 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, Tooba Academy Inc reported income of $953k and spending of $776k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $566k to $953k (+68%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 40%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tooba Academy Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within OH. Charities of a similar size with the same main cause include Owens Educational Services Inc ($952k), Anderson Center for Interdisciplinary Studies Inc ($953k) and Howard University Medical Alumni Association Inc ($952k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Other salaries and wages came to $520k. At year end it held assets of $569k against liabilities of $2,540, net assets of $567k. It reported 33 employees.