Harding Academy

Analysis

Harding Academy is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in October 1971, 55 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 reported income of $14.1m and spending of $13.8m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.5m to $14.1m (+4.3%), an average of +1.1% a year. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Harding Academy sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TN. Charities of a similar size with the same main cause include Philips Academy Charter School Inc ($14.1m), Magellan School ($14.1m) and Isucceed Virtual High School Inc ($14.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10.0% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $379k (2.7% of expenses). Other salaries and wages came to $7.0m. At year end it held assets of $43.5m against liabilities of $7.4m, net assets of $36.1m. It reported 195 employees.