Cumorah Academy

Analysis

Cumorah Academy is a registered charity in United States, based in Pleasant GRV, UT. It received its IRS tax-exemption ruling in July 2020, 6 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, Cumorah Academy reported income of $2.0m and spending of $1.1m, leaving 47% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $4.4m to $2.0m (-54%), an average of -22% a year. The sharpest change came in the year to December 2021, when income dropped by 75%. Over the whole period it spent 18% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cumorah Academy sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within UT. Charities of a similar size with the same main cause include United Faith Christian Academy ($2.0m), Danville Library Inc ($2.0m) and Association of University Programs in Health Administration ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 2.6% of the total. At year end it held assets of $5.9m against liabilities of $36k, net assets of $5.9m.