Mater Academy of Nevada

Analysis

Mater Academy of Nevada is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in November 2017, 9 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, Mater Academy of Nevada reported income of $49.2m and spending of $57.1m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.6m to $49.2m (+151%), an average of +26% a year. The sharpest change came in the year to June 2021, when income rose by 52%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mater Academy of Nevada sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NV. Charities of a similar size with the same main cause include New Schools Fund ($49.1m), Southern California University of Health Sciences ($49.3m) and Blair Academy ($49.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Other salaries and wages came to $25.9m. At year end it held assets of $114.0m against liabilities of $125.1m, net assets of -$11.1m. It reported 574 employees.