French Broad River Academy Inc

Analysis

French Broad River Academy Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in December 2009, 17 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, French Broad River Academy Inc reported income of $4.2m and spending of $3.2m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $4.2m (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, French Broad River Academy Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Folds of Honor Foundation ($4.2m), Gem Prep Meridian South ($4.2m) and Chelsea Day School Inc ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $103k (3.2% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $6.5m against liabilities of $2.6m, net assets of $3.9m. It reported 13 employees.