Kerr-vance Academy
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves
Kerr-vance Academy is a 501(c)(3) organization based in Henderson, North Carolina, registered in 1967, with $2,462,629 in FY2023 revenue. CharityIndex grades it B.
700 Vance Academy Rd, Henderson, NC, 27537 EIN 56-6085497 Since 1967
Revenue (FY2023)
$2.5M
▲ 8.6% vs prior year
Expenses (FY2023)
$2.0M
Net assets
$2.2M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Kerr-vance Academy— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating13 mo reserves · +17% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Kerr-vance Academy: 13 mo reserves · +17% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Kerr-vance Academy— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Kerr-vance Academy: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 700 Vance Academy Rd, Henderson, NC, 27537
- City
- Henderson
- State
- North Carolina
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue declined from $2.9M (FY2013) to $2.5M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $190KNet assets $2.2M
Operating margin
17.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.4M
Total liabilities
$190K
Net assets
$2.2M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $2,462,629▲8.6% | $2,035,686▲34.7% | $2,210,681▲80.9% | $2,400,573▲33.6% | 990 |
| 2021 | $2,267,457▲43.1% | $1,511,712▼13.4% | $1,222,369▲162% | $1,797,326▼31.8% | 990 |
| 2020 | $1,584,516▼35.1% | $1,746,625▼9.5% | $466,624▼25.8% | $2,635,444▼1.6% | 990 |
| 2019 | $2,441,839▲8.2% | $1,929,998▼9.5% | $628,733▲438% | $2,677,662▲10.1% | 990 |
| 2018 | $2,257,073▲3.6% | $2,132,193▼5.2% | $116,892▲240% | $2,432,344▼14.5% | 990 |
| 2017 | $2,179,425▼6.4% | $2,248,781▼5.5% | -$83,476▼491% | $2,843,718▲9.0% | 990 |
| 2016 | $2,328,219▼11.4% | $2,378,672▼5.0% | -$14,120▼139% | $2,609,682▼8.2% | 990 |
| 2015 | $2,627,428▼13.7% | $2,503,779▼1.2% | $36,333▲142% | $2,843,080▼5.2% | 990 |
| 2014 | $3,043,793▲4.4% | $2,533,341▼20.0% | -$87,316▲85.4% | $2,998,719 | 990 |
| 2013 | $2,914,132 | $3,166,631 | -$597,607 | $2,998,980 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $82K total
4 grants to Kerr-vance Academy totaling $82K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Endowment Foundation | Educational | 2024 | $37,500 |
| American Endowment Foundation | Educational | 2023 | $20,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2019 | $15,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2016 | $9,500 |
Frequently asked questions
- Is Kerr-vance Academy a legitimate nonprofit?
- Yes. Kerr-vance Academy is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-6085497, based in Henderson, North Carolina. Donations are tax-deductible.
- What is Kerr-vance Academy's EIN?
- Kerr-vance Academy's Employer Identification Number (EIN) is 56-6085497.
- How much revenue does Kerr-vance Academy report?
- Kerr-vance Academy reported $2,462,629 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Kerr-vance Academy have?
- CharityIndex grades Kerr-vance Academy B, based on financial health (reserves and operating margin).
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Data for Kerr-vance Academy (EIN 56-6085497) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.