Reaching All Minds Academy Inc

Analysis

Reaching All Minds Academy Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in April 2016, 10 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, Reaching All Minds Academy Inc reported income of $5.8m and spending of $5.7m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.3m to $5.8m (+77%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Reaching All Minds Academy Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include Bridge Educational Foundation ($5.8m), The Peabody School ($5.8m) and Pioneer Preparatory School- a Challenge Foundation Academy Inc ($5.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.6% and program service revenue 92% of the total. Other salaries and wages came to $3.0m. At year end it held assets of $3.3m against liabilities of $378k, net assets of $2.9m. It reported 64 employees.