Greater Vision Academy Inc

Analysis

Greater Vision Academy Inc is a registered charity in United States, based in Gibsonville, NC. It received its IRS tax-exemption ruling in July 2020, 6 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 2024, Greater Vision Academy Inc reported income of $1.2m and spending of $1.2m, spending 102% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $89k to $1.2m (+1258%), an average of +92% a year. The sharpest change came in the year to June 2021, when income rose by 754%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Greater Vision Academy Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include Washington Township Schools Foundation Inc ($1.2m), St Johns Episcopal Preschool Inc ($1.2m) and Association for Career and Technical Education Inc ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.7% and program service revenue 98% of the total. Other salaries and wages came to $762k. At year end it held assets of $275k against liabilities of $42k, net assets of $233k. It reported 59 employees.