Oak Mountain Academy Inc

Analysis

Oak Mountain Academy Inc is a registered charity in United States, based in Carrollton, GA. It received its IRS tax-exemption ruling in June 1967, 59 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, Oak Mountain Academy Inc reported income of $2.9m and spending of $3.2m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.9m to $2.9m (-0.2%), an average of -0.1% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Oak Mountain Academy Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within GA. Charities of a similar size with the same main cause include We Win Institute Inc ($2.9m), Frankford Valley Foundation for Literacy II ($2.9m) and Midlands STEM Charter School ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $169k (5.3% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $4.9m against liabilities of $1.9m, net assets of $3.0m. It reported 80 employees.