Brevard Academy

Analysis

Brevard Academy is a registered charity in United States, based in Pisgah Forest, NC. It received its IRS tax-exemption ruling in May 1998, 28 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 2024, Brevard Academy reported income of $5.4m and spending of $5.6m, spending 103% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $4.1m to $5.4m (+34%), an average of +6.0% a year. 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, Brevard 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 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include San Luis Obispo Classical Academy ($5.4m), Pinewood Christian Academy Inc ($5.4m) and Foundation for Clovis Schools ($5.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 4.0% and program service revenue 96% of the total. Other salaries and wages came to $2.6m. At year end it held assets of $10.3m against liabilities of $13.8m, net assets of -$3.5m. It reported 23 employees.