Tuscaloosa Academy Inc

Analysis

Tuscaloosa Academy Inc is a registered charity in United States, based in Tuscaloosa, AL. It received its IRS tax-exemption ruling in August 2003, 23 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, Tuscaloosa Academy Inc reported income of $7.7m and spending of $7.0m, spending 91% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $6.2m to $7.7m (+24%), an average of +7.5% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tuscaloosa Academy Inc 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 96th percentile within AL. Charities of a similar size with the same main cause include The North Carolina High School for Accelerated Learning Inc ($7.7m), Shining Rock Classical Academy ($7.7m) and Central Florida Virtual Charter School Board Inc ($7.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 86% of the total. Other salaries and wages came to $3.8m. At year end it held assets of $7.0m against liabilities of $2.8m, net assets of $4.2m. It reported 149 employees.