Massanutten Academy

Analysis

Massanutten Academy is a registered charity in United States, based in Woodstock, VA. It received its IRS tax-exemption ruling in January 1934, 92 years ago. 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, Massanutten Academy reported income of $3.6m and spending of $5.4m, spending 152% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.9m to $3.6m (-8.4%), an average of -2.2% a year. The sharpest change came in the year to June 2023, when income dropped by 52%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Massanutten Academy sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include Volunteer State Horsemens Foundation ($3.6m), Missouri United Methodist ($3.6m) and Sae Government Technologies ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.4% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $246k (4.5% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $8.1m against liabilities of $3.1m, net assets of $5.0m. It reported 83 employees.