Apprentice Academy High School of North Carolina Inc

Analysis

Apprentice Academy High School of North Carolina Inc is a registered charity in United States, based in Rutherfordton, NC. It received its IRS tax-exemption ruling in June 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, Apprentice Academy High School of North Carolina Inc reported income of $3.7m and spending of $3.2m, spending 86% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.0m to $3.7m (+83%), an average of +22% a year. The sharpest change came in the year to June 2022, when income rose by 34%. 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, Apprentice Academy High School of North Carolina Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include The Alice Aycock Poe Center for Health Education ($3.7m), East Valley Education Center Inc ($3.7m) and Leonardo Da Vinci Health Sciences Charter School ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 74% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $492k against liabilities of $92k, net assets of $400k. It reported 45 employees.