Capitol Encore Academy

Analysis

Capitol Encore Academy is a registered charity in United States, based in Fayetteville, NC. It received its IRS tax-exemption ruling in February 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, Capitol Encore Academy reported income of $7.6m and spending of $8.0m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.0m to $7.6m (+91%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Capitol Encore Academy sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Foundation for Educational Funding ($7.6m), Association of Research Libraries ($7.6m) and Horizon Science Academy-Springfield ($7.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. Other salaries and wages came to $3.3m. At year end it held assets of $16.5m against liabilities of $15.1m, net assets of $1.4m. It reported 111 employees.