Kerr-Vance Academy

Analysis

Kerr-Vance Academy is a registered charity in United States, based in Henderson, NC. It received its IRS tax-exemption ruling in August 1967, 59 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 2022, Kerr-Vance Academy reported income of $2.3m and spending of $1.5m, leaving 33% of income unspent that year. Across the 3 years on record, from June 2020 to June 2022, income fell from $2.4m to $2.3m (-7.1%), an average of -3.6% a year. The sharpest change came in the year to June 2022, when income rose by 43%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kerr-Vance Academy sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include St Croix Therapy Inc ($2.3m), Wnin Tri-State Public Media Inc ($2.3m) and Habitat for Humanity International Inc ($2.3m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 0.5% and program service revenue 52% of the total. Other salaries and wages came to $962k. At year end it held assets of $1.8m against liabilities of $575k, net assets of $1.2m. It reported 48 employees.