Tulsa Honor Academy

Analysis

Tulsa Honor Academy is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in July 2017, 9 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, Tulsa Honor Academy reported income of $13.3m and spending of $11.3m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $13.3m (+249%), an average of +37% a year. The sharpest change came in the year to June 2020, when income rose by 77%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tulsa Honor Academy sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within OK. Charities of a similar size with the same main cause include Inspire Academics Inc ($13.3m), Core Butte Inc ($13.3m) and Trinity Episcopal School ($13.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.9% of the total. Other salaries and wages came to $5.0m. At year end it held assets of $5.8m against liabilities of $1.5m, net assets of $4.3m. It reported 177 employees.