10 Academy Corp

Analysis

10 Academy Corp is a registered charity in United States, based in Santa Clara, CA. It received its IRS tax-exemption ruling in July 2021, 5 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, 10 Academy Corp reported income of $558k and spending of $133k, leaving 76% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $209k to $558k (+167%), an average of +63% a year. The sharpest change came in the year to December 2023, when income rose by 348%. Over the whole period it spent 33% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, 10 Academy Corp sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include YWCA of Bradford Endowment Fund ($558k), Multinational Exchange for Sustainable Agriculture Inc ($558k) and Austin Learning Academy ($558k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.3% of the total. At year end it held assets of $620k against liabilities of $22k, net assets of $598k.