T2 Honors Academy

Analysis

T2 Honors Academy is a registered charity in United States, based in Warrensvl HTS, OH. It received its IRS tax-exemption ruling in October 2016, 10 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, T2 Honors Academy reported income of $1.5m and spending of $1.6m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.5m (+35%), an average of +7.7% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, T2 Honors Academy sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within OH. Charities of a similar size with the same main cause include National Digital Equity Center ($1.5m), American Group Psychotherapy Assn Inc ($1.5m) and Decolores Montessori School ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $690k. At year end it held assets of $889k against liabilities of $1.5m, net assets of -$651k. It reported 18 employees.