The Fletcher Academy School of Achievement Inc

Analysis

The Fletcher Academy School of Achievement Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in September 2001, 25 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, The Fletcher Academy School of Achievement Inc reported income of $6.3m and spending of $5.3m, spending 84% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $3.7m to $6.3m (+72%), an average of +11% a year. The sharpest change came in the year to June 2020, when income rose by 133%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Fletcher Academy School of Achievement Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include Calibre Academy Inc ($6.3m), Harrells Christian Academy Inc ($6.3m) and Gesher School Inc ($6.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 27% and program service revenue 72% of the total. Other salaries and wages came to $3.1m. At year end it held assets of $10.5m against liabilities of $460k, net assets of $10.0m. It reported 71 employees.