Temple Academy

Analysis

Temple Academy is a registered charity in United States, based in Powell, TN. It received its IRS tax-exemption ruling in August 2020, 6 years ago. 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, Temple Academy reported income of $1.4m and spending of $1.5m, spending 106% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $870k to $1.4m (+66%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 39%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Temple Academy sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within TN. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1.4m), Cypress Place Inc ($1.4m) and Oak Lane Child Care Center of Pleasantville Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $68k (4.4% of expenses). Other salaries and wages came to $676k. At year end it held assets of $214k against liabilities of $781k, net assets of -$567k. It reported 39 employees.