Mater Academy of Northern Nevada

Analysis

Mater Academy of Northern Nevada is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in February 2018, 8 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, Mater Academy of Northern Nevada reported income of $5.9m and spending of $6.5m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $5.9m (+135%), an average of +24% a year. The sharpest change came in the year to June 2020, when income rose by 49%. 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, Mater Academy of Northern Nevada sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NV. Charities of a similar size with the same main cause include Kids Central Inc ($5.9m), Friends of Marion P Thomas Charter School a New Jersey Nonprofit Corp ($5.9m) and Dakota State University Foundation ($5.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Other salaries and wages came to $2.7m. At year end it held assets of $15.1m against liabilities of $15.7m, net assets of -$565k. It reported 75 employees.