Asheville School Incorporated

Analysis

Asheville School Incorporated is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in April 1946, 80 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, Asheville School Incorporated reported income of $22.9m and spending of $23.8m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $22.7m to $22.9m (+1.0%), an average of +0.2% a year. The sharpest change came in the year to June 2023, when income dropped by 25%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Asheville School Incorporated sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Central Jersey College Preparatory Charter School ($22.9m), Und Aerospace Foundation ($22.9m) and Milwaukee Science Education Consortium Inc ($22.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.2% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $901k (3.8% of expenses). Other salaries and wages came to $6.8m. At year end it held assets of $112.5m against liabilities of $6.7m, net assets of $105.8m. It reported 155 employees.