True Knight Home School Academy

Analysis

True Knight Home School Academy is a registered charity in United States, based in Sugar Land, TX. 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 May 2023, True Knight Home School Academy reported income of $514k and spending of $462k, spending 90% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $289k to $514k (+78%), an average of +16% a year. The sharpest change came in the year to May 2023, when income rose by 57%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, True Knight Home School 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 71st percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Entrusted Legacy ($514k), Princeton Adult School ($514k) and Chicago School of Violin Making Inc ($514k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $11k (2.4% of expenses). Other salaries and wages came to $263k. At year end it held assets of $63k against liabilities of $28k, net assets of $36k. It reported 30 employees.