Three Points Academy Inc

Analysis

Three Points Academy Inc is a registered charity in United States, based in Washington, UT. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Three Points Academy Inc reported income of $5.4m and spending of $5.4m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.4m to $5.4m (-28%), an average of -7.7% a year. The sharpest change came in the year to December 2021, when income dropped by 28%. 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, Three Points Academy Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within UT. Charities of a similar size with the same main cause include Orange County School of the Arts Foundation ($5.4m), Palmetto Charter School Inc ($5.4m) and Kids Base & the Little School ($5.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $136k (2.5% of expenses). Other salaries and wages came to $475k. At year end it held assets of $84k against liabilities of $14k, net assets of $71k. It reported 19 employees.