Montgomery Academy

Analysis

Montgomery Academy is a registered charity in United States, based in Clarksville, TN. It received its IRS tax-exemption ruling in April 2021, 5 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 December 2023, Montgomery Academy reported income of $184k and spending of $169k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $138k to $184k (+34%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Montgomery Academy sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 53rd percentile within TN. Charities of a similar size with the same main cause include Moorestown Home and School Association ($184k), Donald E Reutershan Educational TR ($184k) and Davie County Band Boosters ($184k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.8% and program service revenue 99% of the total. At year end it held assets of $49k against liabilities of $1,168, net assets of $47k.