Jackson Academy Inc

Analysis

Jackson Academy Inc is a registered charity in United States, based in Jackson, AL. It received its IRS tax-exemption ruling in July 2014, 12 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 July 2023, Jackson Academy Inc reported income of $1.8m and spending of $1.7m, spending 95% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.2m to $1.8m (+50%), an average of +11% a year. The sharpest change came in the year to July 2020, when income rose by 35%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Jackson Academy Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 89th percentile within AL. Charities of a similar size with the same main cause include Edventure Charter School Inc ($1.8m), Our Lady of Mercy School of Madison Inc ($1.8m) and Montessori School of Wooster Inc ($1.8m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 0.1% and program service revenue 95% of the total. Other salaries and wages came to $900k. At year end it held assets of $2.0m against liabilities of $442k, net assets of $1.6m. It reported 53 employees.