Fayetteville Academy

Analysis

Fayetteville Academy is a registered charity in United States, based in Fayetteville, NC. It received its IRS tax-exemption ruling in October 1970, 56 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, Fayetteville Academy reported income of $6.7m and spending of $6.2m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.7m to $6.7m (+16%), an average of +3.7% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fayetteville Academy sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include VHS Inc ($6.7m), Grymes Memorial School Inc ($6.7m) and Terra Academy Inc ($6.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Other salaries and wages came to $3.8m. At year end it held assets of $6.6m against liabilities of $1.8m, net assets of $4.9m. It reported 160 employees.