Dominion Ridge Academy

Analysis

Dominion Ridge Academy is a registered charity in United States, based in Front Royal, VA. It received its IRS tax-exemption ruling in July 2003, 23 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, Dominion Ridge Academy reported income of $1.4m and spending of $1.8m, spending 133% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.7m to $1.4m (-19%), an average of -6.9% a year. The sharpest change came in the year to June 2023, when income dropped by 24%. 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, Dominion Ridge Academy sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within VA. Charities of a similar size with the same main cause include Martinson Child Development Center Inc ($1.4m), Logos Classical Academy Inc ($1.4m) and Trinity Resources Unlimited Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $77k (4.2% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $697k against liabilities of $279k, net assets of $418k. It reported 49 employees.