Truxton Academy Charter School

Analysis

Truxton Academy Charter School is a registered charity in United States, based in Truxton, NY. It received its IRS tax-exemption ruling in October 2019, 7 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 2024, Truxton Academy Charter School reported income of $1.1m and spending of $1.3m, spending 125% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.3m to $1.1m (-16%), an average of -4.2% a year. The sharpest change came in the year to June 2024, when income dropped by 40%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Truxton Academy Charter School sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Iowa College Access Network ($1.1m), Rochester General College of Health Careers ($1.1m) and Aiming for Healthy Families Inc ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.6% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $134k (10% of expenses). Other salaries and wages came to $695k. At year end it held assets of $975k against liabilities of $140k, net assets of $835k. It reported 51 employees.