Matthews Charter Academy

Analysis

Matthews Charter Academy is a registered charity in United States, based in Matthews, NC. It received its IRS tax-exemption ruling in March 2017, 9 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, Matthews Charter Academy reported income of $8.5m and spending of $8.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.9m to $8.5m (+22%), an average of +5.2% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Matthews Charter Academy sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Children at Heart Foundation ($8.5m), Athlos Academy of St Cloud ($8.5m) and Sattler College Inc ($8.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.3% of the total. Other salaries and wages came to $3.0m. At year end it held assets of $765k against liabilities of $622k, net assets of $143k.