St John Neumann Academy

Analysis

St John Neumann Academy is a registered charity in United States, based in Blacksburg, VA. It received its IRS tax-exemption ruling in January 2005, 21 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, St John Neumann Academy reported income of $1.6m and spending of $1.3m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $839k to $1.6m (+90%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 27%. 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, St John Neumann Academy sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within VA. Charities of a similar size with the same main cause include Arrow Academy of Excellence ($1.6m), Nlaabc ($1.6m) and Childrens Alliance Resource Network Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $73k (5.6% of expenses). Other salaries and wages came to $578k. At year end it held assets of $5.4m against liabilities of $4.4m, net assets of $942k. It reported 38 employees.