Thurgood Marshall Academy

Analysis

Thurgood Marshall Academy is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in April 2001, 25 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, Thurgood Marshall Academy reported income of $11.7m and spending of $11.5m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.3m to $11.7m (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Thurgood Marshall Academy sits at the 94th 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 89th percentile within DC. Charities of a similar size with the same main cause include Green Dot Public Schools National ($11.7m), Hilton Head Preparatory School ($11.7m) and Black River Public School ($11.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $375k (3.2% of expenses). Other salaries and wages came to $6.3m. It paid $48k in professional fundraising fees. At year end it held assets of $16.9m against liabilities of $759k, net assets of $16.2m. It reported 100 employees.