Currey Ingram Academy

Analysis

Currey Ingram Academy is a registered charity in United States, based in Brentwood, TN. It received its IRS tax-exemption ruling in October 1987, 39 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, Currey Ingram Academy reported income of $25.2m and spending of $24.2m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $26.1m to $25.2m (-3.5%), an average of -0.9% a year. The sharpest change came in the year to June 2020, when income dropped by 42%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Currey Ingram Academy sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TN. Charities of a similar size with the same main cause include Herron High School Inc ($25.2m), Kipp Memphis Inc ($25.2m) and Holy Cross College Inc ($25.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $484k (2.0% of expenses). Other salaries and wages came to $9.2m. At year end it held assets of $65.8m against liabilities of $13.5m, net assets of $52.3m. It reported 260 employees.