Thomas Sumter Academy Inc

Analysis

Thomas Sumter Academy Inc is a registered charity in United States, based in Rembert, SC. It received its IRS tax-exemption ruling in March 1986, 40 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, Thomas Sumter Academy Inc reported income of $4.3m and spending of $3.9m, spending 91% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.7m to $4.3m (+58%), an average of +9.6% a year. 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, Thomas Sumter Academy Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within SC. Charities of a similar size with the same main cause include Westside Academy Inc ($4.3m), Vanguard Music and Performing Arts ($4.3m) and Florida Autism Center of Excellence Inc ($4.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.4% and program service revenue 89% of the total. Other salaries and wages came to $2.4m. At year end it held assets of $3.8m against liabilities of $1.9m, net assets of $1.8m. It reported 109 employees.