Benton Academy Inc

Analysis

Benton Academy Inc is a registered charity in United States, based in Benton, MS. It received its IRS tax-exemption ruling in September 2004, 22 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 May 2024, Benton Academy Inc reported income of $2.4m and spending of $2.2m, spending 89% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $1.4m to $2.4m (+72%), an average of +14% a year. The sharpest change came in the year to May 2024, when income rose by 31%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Benton Academy Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within MS. Charities of a similar size with the same main cause include Luzerne County Library System ($2.4m), Russell Christian Academy ($2.4m) and Ogden School Foundation ($2.4m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 0.0% and program service revenue 97% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $2.0m against liabilities of $962k, net assets of $1.1m. It reported 80 employees.