Aaron Academy

Analysis

Aaron Academy is a registered charity in United States, based in Gallatin, TN. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Aaron Academy reported income of $487k and spending of $499k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $458k to $487k (+6.4%), an average of +1.6% a year. The sharpest change came in the year to December 2020, when income rose by 17%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Aaron Academy sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within TN. Charities of a similar size with the same main cause include Compass Outreach and Education Center Inc ($487k), Cleophas Oliver Learning Academy ($487k) and Foundation for Special Education District of Lake County ($487k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $158k (32% of expenses). Other salaries and wages came to $129k. At year end it held assets of $369k against liabilities of $4,146, net assets of $365k. It reported 8 employees.