Harding Academy of Memphis Inc

Analysis

Harding Academy of Memphis Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in July 1989, 37 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, Harding Academy of Memphis Inc reported income of $12.0m and spending of $12.7m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.2m to $12.0m (+7.1%), an average of +1.7% a year. The sharpest change came in the year to June 2021, when income rose by 45%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Harding Academy of Memphis Inc 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 96th percentile within TN. Charities of a similar size with the same main cause include Black Pine Circle Inc ($12.0m), Center for Applied Behavioral Instruction Inc ($12.0m) and Bakersfield Christian High School ($12.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.4% and program service revenue 91% of the total. Other salaries and wages came to $5.9m. At year end it held assets of $18.4m against liabilities of $10.8m, net assets of $7.7m. It reported 246 employees.