Tabernacle Ministries Academy Inc

Analysis

Tabernacle Ministries Academy Inc is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in January 2024, 2 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 2024, Tabernacle Ministries Academy Inc reported income of $92k and spending of $88k, spending 95% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $10k to $92k (+810%), an average of +74% a year. The sharpest change came in the year to May 2021, when income rose by 171%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tabernacle Ministries Academy Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within MS. Charities of a similar size with the same main cause include Einstein School Foundation ($92k), Travel and Meeting Standards Society ($92k) and Peruna East Corporation ($92k).

On its Form 990-EZ for the period ending May 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $4,615 against liabilities of $0, net assets of $4,615.