Johnston Charter Academy

Analysis

Johnston Charter Academy is a registered charity in United States, based in Clayton, NC. It received its IRS tax-exemption ruling in November 2018, 8 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, Johnston Charter Academy reported income of $7.4m and spending of $7.4m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.2m to $7.4m (+41%), an average of +9.0% a year. The sharpest change came in the year to June 2020, when income rose by 19%. 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, Johnston Charter 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 Benjamin Banneker Prep Inc ($7.4m), American Immunization Registry Association ($7.4m) and Young Scholars Charter School Inc ($7.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 7.5% of the total. Other salaries and wages came to $2.6m. At year end it held assets of $570k against liabilities of $490k, net assets of $80k.