Cathedral Oak Academy

Analysis

Cathedral Oak Academy is a registered charity in United States, based in Clemmons, NC. It received its IRS tax-exemption ruling in October 2021, 5 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, Cathedral Oak Academy reported income of $540k and spending of $525k, spending 97% of its income. Across the 3 years on record, from June 2022 to July 2023, income grew from $359k to $540k (+50%), an average of +23% a year. The sharpest change came in the year to July 2022, when income dropped by 100%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cathedral Oak Academy sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within NC. Charities of a similar size with the same main cause include Leap Learning Systems ($540k), Irbs Theological Seminary ($540k) and Center for Educational Improvement Inc ($540k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $376k. At year end it held assets of $107k against liabilities of $11k, net assets of $96k.