The Masters Academy of Central Florida Inc

Analysis

The Masters Academy of Central Florida Inc is a registered charity in United States, based in Oviedo, FL. It received its IRS tax-exemption ruling in April 1987, 39 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, The Masters Academy of Central Florida Inc reported income of $20.7m and spending of $19.9m, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $15.9m to $20.7m (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Masters Academy of Central Florida Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Evelyn Rubenstein Jewish Community Center of Houston Texas ($20.7m), Purpose Driven Connection ($20.8m) and Yeshiva Ktana of Passaic ($20.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.9% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $586k (2.9% of expenses). Other salaries and wages came to $7.5m. At year end it held assets of $26.2m against liabilities of $15.7m, net assets of $10.5m. It reported 313 employees.