Elk Mountain Academy

Analysis

Elk Mountain Academy is a registered charity in United States, based in Clark Fork, ID. It received its IRS tax-exemption ruling in January 1996, 30 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 December 2023, Elk Mountain Academy reported income of $7.8m and spending of $7.1m, spending 91% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.6m to $7.8m (+386%), an average of +37% a year. The sharpest change came in the year to December 2021, when income rose by 107%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Elk Mountain Academy sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 97th percentile within ID. Charities of a similar size with the same main cause include Calyx Institute ($7.8m), Rehoboth Christian School Association ($7.8m) and The One Love Foundation in Honor of Yeardley Love Inc ($7.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $246k (3.5% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $3.4m against liabilities of $1.8m, net assets of $1.6m. It reported 110 employees.