Mount Royal Academy Inc

Analysis

Mount Royal Academy Inc is a registered charity in United States, based in Sunapee, NH. It received its IRS tax-exemption ruling in January 1995, 31 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, Mount Royal Academy Inc reported income of $1.9m and spending of $1.9m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $1.9m (+12%), an average of +2.8% a year. The sharpest change came in the year to June 2021, when income rose by 43%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mount Royal Academy Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NH. Charities of a similar size with the same main cause include Acorn Montessori School Inc ($1.9m), Dallas Stars Foundation Inc ($1.9m) and Cutchogue New Suffolk Free Library ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $106k (5.6% of expenses). Other salaries and wages came to $932k. At year end it held assets of $776k against liabilities of $121k, net assets of $655k. It reported 48 employees.