Mater Academy Inc

Analysis

Mater Academy Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in January 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Mater Academy Inc reported income of $227.4m and spending of $208.3m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $124.8m to $227.4m (+82%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 39%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mater Academy 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 100th percentile, and in the 100th percentile within FL. Charities of a similar size with the same main cause include Clark University ($226.9m), Rhode Island School of Design ($228.8m) and Manhattan University ($226.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 6.5% of the total. Other salaries and wages came to $84.8m. At year end it held assets of $454.8m against liabilities of $332.8m, net assets of $121.9m. It reported 2,308 employees.