The Auction Academy

Analysis

The Auction Academy is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in April 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, The Auction Academy reported income of $499k and spending of $806k, spending 161% of what it took in. Across the 6 years on record, from September 2019 to December 2023, income grew from $352k to $499k (+42%), an average of +7.2% a year. The sharpest change came in the year to December 2021, when income rose by 896%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Auction Academy sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within TN. Charities of a similar size with the same main cause include Memphis Plumbers Joint Apprenticeship Committee ($499k), Littleton Preparatory Charter School Building Corporation ($499k) and Tyger River Childrens Center Inc ($499k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $127k against liabilities of $404k, net assets of -$277k.