Scholar Academy

Analysis

Scholar Academy is a registered charity in United States, based in Tooele, UT. It received its IRS tax-exemption ruling in June 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 June 2023, Scholar Academy reported income of $6.7m and spending of $5.8m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.7m to $6.7m (+44%), an average of +9.6% a year. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Scholar 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 94th percentile within UT. Charities of a similar size with the same main cause include Francis Marion University Development Foundation ($6.7m), Logos Evangelical Seminary ($6.7m) and Illinois Association of Free and Charitable Clinics ($6.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 2.0% of the total. At year end it held assets of $14.5m against liabilities of $11.1m, net assets of $3.4m.