The Academy of Coastal Carolina Inc

Analysis

The Academy of Coastal Carolina Inc is a registered charity in United States, based in Supply, NC. It received its IRS tax-exemption ruling in June 2007, 19 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, The Academy of Coastal Carolina Inc reported income of $719k and spending of $667k, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $442k to $719k (+63%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 24%. 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, The Academy of Coastal Carolina Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include Alice King Community School Foundation ($719k), Futurecare of North Carolina Inc ($719k) and The Winning Academy Inc ($719k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.5% and program service revenue 95% of the total. Other salaries and wages came to $456k. At year end it held assets of $349k against liabilities of $404, net assets of $349k. It reported 25 employees.