Revolution Academy

Analysis

Revolution Academy is a registered charity in United States, based in Rutherfordton, NC. It received its IRS tax-exemption ruling in May 2020, 6 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, Revolution Academy reported income of $8.0m and spending of $6.8m, spending 85% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $3.6m to $8.0m (+119%), an average of +48% a year. The sharpest change came in the year to June 2022, when income rose by 66%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Revolution 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 95th percentile within NC. Charities of a similar size with the same main cause include Harriet Tubman Village Charter School Inc ($8.0m), Arts Academy Elementary Charter School Inc ($8.0m) and Woodland Hill Montessori School ($8.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $130k (1.9% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $18.3m against liabilities of $18.9m, net assets of -$577k. It reported 92 employees.