Augsburg Fairview Academy

Analysis

Augsburg Fairview Academy is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in April 2004, 22 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, Augsburg Fairview Academy reported income of $1.9m and spending of $1.6m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $1.9m (+10%), an average of +2.5% a year. The sharpest change came in the year to June 2022, when income rose by 15%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Augsburg Fairview Academy 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 85th percentile within MN. Charities of a similar size with the same main cause include Center for a New Economy Inc ($1.9m), Legacy Christian Fellowship ($1.9m) and Bloomington Montessori Association Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $934k. At year end it held assets of $1.7m against liabilities of $1.7m, net assets of $27k. It reported 22 employees.