B — EducationEIN: 208920342

Thales Academy

Raleigh, North Carolina

B+Health Score
72B+

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Good

How This Organization Compares

Compared to 73 peers in Education with $10M-$100M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org2.89×
Peer Median9.48×
💰
$43.5M
Total Revenue
📊
$41.6M
Total Expenses
🏦
$120.3M
Net Assets
📋
$37.8M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-18.6%
Year-over-year change (2022 → 2023)
Net Margin
+4.3%
Revenue minus expenses as % of revenue
Working Capital Ratio
2.89
Net assets divided by total expenses
Liabilities-to-Assets
23.9%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$43,462,367↓19%$41,602,603↑27%$158,100,610↑1%
2022$53,403,024↓4%$32,633,017↑20%$156,547,178↑15%
2021$55,473,682↑198%$27,296,986↑17%$136,454,160↑35%
2020$18,592,138↓67%$23,267,652↑10%$101,220,882↑3%
2019$57,196,114↑58%$21,057,204↑15%$97,936,432↑43%
2018$36,289,807↑96%$18,281,882↑20%$68,361,699↑54%
2017$18,515,814↑28%$15,264,219↑20%$44,255,533↑6%
2016$14,521,631↑6%$12,695,660↑30%$41,614,175↑18%
2015$13,737,675↑18%$9,756,585↑36%$35,309,363↑34%
2014$11,633,633↑100%$7,182,051↑18%$26,350,263↑35%
2013$5,820,323↓12%$6,086,086↑19%$19,585,796↑10%
2012$6,605,236↑67%$5,104,763↑27%$17,878,874↑9%
2011$3,959,333$4,014,757$16,437,510

Frequently Asked Questions

What does Thales Academy do?▼

Thales Academy is a education nonprofit organization based in North Carolina. It is classified under NTEE code B24 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Thales Academy financially healthy?▼

Based on our 9-metric Financial Health Score model, Thales Academy has a score of 72/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Thales Academy generate?▼

Thales Academy reports $71.2M in annual revenue and holds $184.2M in total assets, based on IRS filings.

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