Mater Academy Central Inc

Analysis

Mater Academy Central Inc is a registered charity in United States, based in Kissimmee, FL. It received its IRS tax-exemption ruling in July 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, Mater Academy Central Inc reported income of $47.4m and spending of $44.3m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.1m to $47.4m (+237%), an average of +36% a year. The sharpest change came in the year to June 2023, when income rose by 75%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mater Academy Central Inc 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 FL. Charities of a similar size with the same main cause include Trevor Day School ($47.4m), Pierce County Rural Library District ($47.5m) and Discovery Health Sciences Foundation Inc ($47.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 4.9% of the total. Compensation of current officers, directors and key employees was $17.9m (40% of expenses). At year end it held assets of $88.5m against liabilities of $85.8m, net assets of $2.7m. It reported 611 employees.