Fletcher Academy Inc

Analysis

Fletcher Academy Inc is a registered charity in United States, based in Fletcher, NC. It received its IRS tax-exemption ruling in September 1986, 40 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, Fletcher Academy Inc reported income of $9.7m and spending of $10.6m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.5m to $9.7m (+14%), an average of +3.3% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fletcher Academy Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include Hanahauoli School ($9.7m), Special Olympics Minnesota Inc ($9.7m) and Palmer College of Chiropratic- West ($9.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $455k (4.3% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $19.6m against liabilities of $16.5m, net assets of $3.1m. It reported 382 employees.