Metrolina Regional Scholars Academy Inc

Analysis

Metrolina Regional Scholars Academy Inc is a registered charity in United States, based in Rutherfordton, NC. It received its IRS tax-exemption ruling in April 2000, 26 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, Metrolina Regional Scholars Academy Inc reported income of $5.5m and spending of $4.4m, leaving 20% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $5.5m (+44%), an average of +9.6% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Metrolina Regional Scholars Academy Inc 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 94th percentile within NC. Charities of a similar size with the same main cause include Brooklyn Emerging Leaders Academy Charter School ($5.5m), Richard Milburn Academy of Florida Inc ($5.5m) and Childrens Resource Center-Special Touch Preschool Inc ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.1% and program service revenue 91% of the total. Other salaries and wages came to $2.8m. At year end it held assets of $9.3m against liabilities of $2.3m, net assets of $7.0m. It reported 86 employees.