Reynolds Mountain Christian Academy

Analysis

Reynolds Mountain Christian Academy is a registered charity in United States, based in Asheville, 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 July 2023, Reynolds Mountain Christian Academy reported income of $1.8m and spending of $1.9m, spending 103% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.3m to $1.8m (+40%), an average of +8.8% a year. The sharpest change came in the year to July 2020, when income rose by 26%. 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, Reynolds Mountain Christian Academy 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 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Our Lady Queen of Peace Catholic School Incorporated ($1.8m), Central High School Foundation ($1.8m) and Triton Booster Club ($1.8m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 4.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $84k (4.5% of expenses). Other salaries and wages came to $875k. At year end it held assets of $281k against liabilities of $0, net assets of $281k. It reported 56 employees.