Thomas Hart Academy

Analysis

Thomas Hart Academy is a registered charity in United States, based in Hartsville, SC. It received its IRS tax-exemption ruling in December 2014, 12 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 Hart Academy reported income of $1.0m and spending of $1.2m, spending 119% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.3m to $1.0m (-19%), an average of -5.0% a year. The sharpest change came in the year to June 2024, when income dropped by 25%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Thomas Hart Academy sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within SC. Charities of a similar size with the same main cause include Sociedad Ambiente Marino Inc ($1.0m), Syracuse Hebrew Day School Max Gilbert Hebrew Academy ($1.0m) and The Outdoor Foundation ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.6% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $73k (6.0% of expenses). Other salaries and wages came to $736k. At year end it held assets of $1.4m against liabilities of $554k, net assets of $810k. It reported 39 employees.