St Michaels Academy Inc

Analysis

St Michaels Academy Inc is a registered charity in United States, based in Haymarket, VA. It received its IRS tax-exemption ruling in July 2016, 10 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 August 2023, St Michaels Academy Inc reported income of $1.7m and spending of $1.5m, spending 88% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.2m to $1.7m (+39%), an average of +8.5% a year. The sharpest change came in the year to August 2022, when income rose by 29%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, St Michaels Academy Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within VA. Charities of a similar size with the same main cause include Bismarck Area Catholic Education Foundation ($1.7m), Providence Academy ($1.7m) and Monarch Learning Center Charter School ($1.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Other salaries and wages came to $960k. At year end it held assets of $3.8m against liabilities of $2.5m, net assets of $1.3m. It reported 60 employees.