Tipton-Rosemark Academy Inc

Analysis

Tipton-Rosemark Academy Inc is a registered charity in United States, based in Millington, TN. It received its IRS tax-exemption ruling in October 1994, 32 years ago. 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, Tipton-Rosemark Academy Inc reported income of $7.8m and spending of $7.3m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.3m to $7.8m (+47%), an average of +10% a year. The sharpest change came in the year to June 2020, when income rose by 16%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tipton-Rosemark Academy 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 94th percentile, and in the 95th percentile within TN. Charities of a similar size with the same main cause include College World Series of Omaha Inc ($7.8m), Missouri Western State University Foundation Inc N00008837 ($7.8m) and Arc of Lane County ($7.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $165k (2.3% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $11.1m against liabilities of $8.4m, net assets of $2.7m. It reported 184 employees.