Ave Maria Academy

Analysis

Ave Maria Academy is a registered charity in United States, based in Maple Grove, MN. It received its IRS tax-exemption ruling in June 1998, 28 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, Ave Maria Academy reported income of $2.4m and spending of $2.3m, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.9m to $2.4m (+21%), an average of +6.6% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ave Maria Academy sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MN. Charities of a similar size with the same main cause include Exodus School ($2.4m), Redeemer School Inc ($2.4m) and Faith Evangelical Lutheran Seminary ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $83k (3.6% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $9.0m against liabilities of $4.4m, net assets of $4.6m. It reported 48 employees.