The@masters Academy

Analysis

The@masters Academy is a registered charity in United States, based in Forest City, NC. It received its IRS tax-exemption ruling in May 2023, 3 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 2024, The@masters Academy reported income of $921k and spending of $938k, spending 102% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $950k to $921k (-3.0%), an average of -3.0% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The@masters Academy sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within NC. Charities of a similar size with the same main cause include Panacea Prep Charter School Inc ($921k), South County Day School ($921k) and Paideia School of Tampa Bay Inc ($920k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Other salaries and wages came to $720k. At year end it held assets of $42k against liabilities of $38k, net assets of $3,988. It reported 35 employees.