Trident Academy Inc

Analysis

Trident Academy Inc is a registered charity in United States, based in Mt Pleasant, SC. It received its IRS tax-exemption ruling in February 1973, 53 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 May 2023, Trident Academy Inc reported income of $2.4m and spending of $2.4m, spending 98% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $2.3m to $2.4m (+6.1%), an average of +1.5% a year. The sharpest change came in the year to May 2023, when income rose by 18%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Trident Academy Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within SC. Charities of a similar size with the same main cause include Royalmont Academy Inc ($2.4m), Step Up Tutoring ($2.4m) and Sinapis Group ($2.4m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 11% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $183k (7.8% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.0m against liabilities of $213k, net assets of $831k. It reported 46 employees.