Royalmont Academy Inc

Analysis

Royalmont Academy Inc is a registered charity in United States, based in Mason, OH. It received its IRS tax-exemption ruling in July 1996, 30 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, Royalmont Academy Inc reported income of $2.4m and spending of $1.7m, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $2.4m (+77%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 38%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Royalmont Academy Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within OH. Charities of a similar size with the same main cause include Sinapis Group ($2.4m), Trident Academy Inc ($2.4m) and Cascade Heights Charter School ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% and program service revenue 50% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $2.5m against liabilities of $1.5m, net assets of $962k. It reported 40 employees.