Jackson Academy Inc

Analysis

Jackson Academy Inc is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in October 1986, 40 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 2023, Jackson Academy Inc reported income of $21.9m and spending of $21.5m, spending 98% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $16.9m to $21.9m (+29%), an average of +6.6% a year. The sharpest change came in the year to May 2021, when income rose by 28%. 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, Jackson Academy Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within MS. Charities of a similar size with the same main cause include Shefa School ($21.8m), University of Arkansas Fayetteville Campus Foundation Inc ($21.9m) and Louisville Collegiate School ($21.8m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 5.0% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $518k (2.4% of expenses). Other salaries and wages came to $9.6m. At year end it held assets of $38.1m against liabilities of $17.6m, net assets of $20.5m. It reported 367 employees.