Academy of Tucson

Analysis

Academy of Tucson is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in September 1986, 40 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 2023, Academy of Tucson reported income of $6.1m and spending of $5.8m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.5m to $6.1m (+12%), an average of +2.8% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Academy of Tucson sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within AZ. Charities of a similar size with the same main cause include Turing School of Software and Design ($6.1m), Noble Academy-Columbus Inc ($6.1m) and Hebrew Institute for the Deaf & Exceptional Children ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $79k (1.4% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $7.4m against liabilities of $7.0m, net assets of $331k. It reported 73 employees.