Thunderbird Preparatory Academy Inc

Analysis

Thunderbird Preparatory Academy Inc is a registered charity in United States, based in Cornelius, NC. It received its IRS tax-exemption ruling in March 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 June 2023, Thunderbird Preparatory Academy Inc reported income of $2.8m and spending of $2.8m, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.6m to $2.8m (+74%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 66%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Thunderbird Preparatory Academy Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include Wbec Metro Ny and Greater DMV Inc ($2.8m), Lucy Daniels Center for Early Childhood ($2.8m) and Plumbers and Pipefitters of Dallas Apprenticeship Training Fund ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 0.9% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $15.5m against liabilities of $16.4m, net assets of -$964k. It reported 62 employees.