Sphinx Academy Inc

Analysis

Sphinx Academy Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in June 2019, 7 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 2024, Sphinx Academy Inc reported income of $327k and spending of $397k, spending 122% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $353k to $327k (-7.4%), an average of -1.9% a year. The sharpest change came in the year to June 2024, when income dropped by 18%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sphinx Academy Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within KY. Charities of a similar size with the same main cause include Police Association of Virginia ($327k), Kate Duncan Smith Dar School ($327k) and Aiesec Life Inc ($326k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 9.7% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $244k (62% of expenses). Other salaries and wages came to $3,300. At year end it held assets of $86k against liabilities of $28k, net assets of $58k. It reported 7 employees.