Tucson International Academy

Analysis

Tucson International Academy is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in January 2005, 21 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, Tucson International Academy reported income of $7.4m and spending of $7.0m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.1m to $7.4m (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2023, when income rose by 15%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tucson International Academy sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within AZ. Charities of a similar size with the same main cause include Pontifical College Josephinum ($7.4m), Corporation for Effective Schooling ($7.4m) and Blackstone Academy Inc ($7.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $152k (2.2% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $3.0m against liabilities of $942k, net assets of $2.0m. It reported 79 employees.