Thomas Jefferson Classical Academy

Analysis

Thomas Jefferson Classical Academy is a registered charity in United States, based in Mooresboro, NC. It received its IRS tax-exemption ruling in August 1999, 27 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, Thomas Jefferson Classical Academy reported income of $15.2m and spending of $14.5m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.5m to $15.2m (+33%), an average of +7.3% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Thomas Jefferson Classical Academy sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include New Classrooms Innovation Partners Inc ($15.2m), Ohio State Innovation Foundation ($15.3m) and LA Salle School Inc ($15.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $155k (1.1% of expenses). Other salaries and wages came to $7.7m. At year end it held assets of $6.7m against liabilities of $641k, net assets of $6.1m. It reported 258 employees.