The Timpanogos Academy Foundation

Analysis

The Timpanogos Academy Foundation is a registered charity in United States, based in Ogden, UT. It received its IRS tax-exemption ruling in August 2002, 24 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, The Timpanogos Academy Foundation reported income of $4.7m and spending of $4.4m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.3m to $4.7m (+40%), an average of +8.8% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Timpanogos Academy Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within UT. Charities of a similar size with the same main cause include Ms Delta Academies ($4.7m), Harvest Christian Academy Inc ($4.7m) and Education Reimagined ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $136k (3.1% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $3.6m against liabilities of $38k, net assets of $3.6m. It reported 75 employees.