Aquinas Academy Inc

Analysis

Aquinas Academy Inc is a registered charity in United States, based in Bear, DE. It received its IRS tax-exemption ruling in September 1997, 29 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, Aquinas Academy Inc reported income of $350k and spending of $359k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $356k to $350k (-1.6%), an average of -0.4% a year. The sharpest change came in the year to June 2020, when income rose by 16%. 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, Aquinas Academy Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 59th percentile within DE. Charities of a similar size with the same main cause include Wildflower Foundation ($350k), Northside School of Christian Leadership ($350k) and The Trotter Legacy ($350k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $77k (21% of expenses). Other salaries and wages came to $99k. At year end it held assets of $814k against liabilities of $338k, net assets of $476k. It reported 12 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.