Mountain Island Charter School Inc

Analysis

Mountain Island Charter School Inc is a registered charity in United States, based in Mount Holly, NC. It received its IRS tax-exemption ruling in May 2011, 15 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, Mountain Island Charter School Inc reported income of $18.0m and spending of $17.9m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.5m to $18.0m (+33%), an average of +7.5% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mountain Island Charter School Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Summit Academy Oic ($18.0m), American Leadership Academy Inc ($18.0m) and Nyos Charter School Inc ($18.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 5.4% of the total. At year end it held assets of $11.5m against liabilities of $992k, net assets of $10.5m. It reported 264 employees.