Mater Academy Foundation Inc

Analysis

Mater Academy Foundation Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mater Academy Foundation Inc reported income of $19.4m and spending of $17.2m, spending 89% of its income. Across the 4 years on record, from December 2019 to June 2023, income grew from $9.1m to $19.4m (+113%), an average of +29% a year. The sharpest change came in the year to June 2022, when income rose by 1021%. Over the whole period it spent 40% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mater Academy Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Propel Charter School - Montour ($19.4m), Benjamin Franklin Cummings Institute of Technology ($19.4m) and Association of Public and Land-Grant Universities ($19.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 88% of the total. Other salaries and wages came to $48k. At year end it held assets of $332.4m against liabilities of $307.5m, net assets of $24.9m. It reported 1 employees.