The Academy of Moore County

Analysis

The Academy of Moore County is a registered charity in United States, based in Aberdeen, NC. It received its IRS tax-exemption ruling in June 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Academy of Moore County reported income of $4.6m and spending of $4.2m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $4.6m (+42%), an average of +9.2% a year. The sharpest change came in the year to June 2020, when income rose by 20%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Academy of Moore County sits at the 89th percentile: it is larger than about 88% 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 Logos Inc ($4.6m), Souderton Charter School Collaborative ($4.6m) and Northwest School for Hearing Impaired Children ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.5% of the total. Other salaries and wages came to $2.3m. At year end it held assets of $9.5m against liabilities of $10.8m, net assets of -$1.2m. It reported 72 employees.