Mach Academy Inc

Analysis

Mach Academy Inc is a registered charity in United States, based in Augusta, GA. It received its IRS tax-exemption ruling in September 1994, 32 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mach Academy Inc reported income of $602k and spending of $579k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $238k to $602k (+153%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 81%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Mach Academy Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within GA. Charities of a similar size with the same main cause include Alliance FC ($602k), Johnston Urbandale Soccer Club LLC ($603k) and Frederick County Association of Recreation Councils ($602k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $60k (10% of expenses). Other salaries and wages came to $162k. At year end it held assets of $462k against liabilities of $1,639, net assets of $461k. It reported 4 employees.