Telluride Academy

Analysis

Telluride Academy is a registered charity in United States, based in Telluride, CO. It received its IRS tax-exemption ruling in October 1991, 35 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Telluride Academy reported income of $2.3m and spending of $2.0m, spending 85% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.4m to $2.3m (+63%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 120%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Telluride Academy sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CO. Charities of a similar size with the same main cause include Public Education Foundation of Marion County Inc ($2.3m), Utah Career Path High ($2.3m) and Arcadia Charter School ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $126k (6.4% of expenses). Other salaries and wages came to $649k. At year end it held assets of $3.2m against liabilities of $656k, net assets of $2.5m. It reported 55 employees.