Union Academy
Monroe, North Carolina
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Above Average
How This Organization Compares
Compared to 73 peers in Education with $10M-$100M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
9 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $22,260,283↑9% | $23,000,954↑25% | $33,174,277↓1% | |
| 2022 | $20,376,317↑15% | $18,433,259↑16% | $33,505,150↑2% | — |
| 2021 | $17,648,120 | $15,887,460↓2% | $32,815,866↑2% | — |
| 2020 | $17,609,069↑3% | $16,137,903↑2% | $32,169,823↑7% | — |
| 2019 | $17,024,605↑15% | $15,818,315↑17% | $30,055,129↑6% | — |
| 2018 | $14,791,108↑23% | $13,538,397↑13% | $28,372,086↑6% | — |
| 2017 | $12,068,883↑4% | $11,978,680↑8% | $26,684,221↑135% | — |
| 2016 | $11,571,992↑15% | $11,043,816↑21% | $11,375,321↑9% | — |
| 2014 | $10,025,135 | $9,106,689 | $10,418,629 | — |
Frequently Asked Questions
What does Union Academy do?▼
Union Academy is a education nonprofit organization based in North Carolina. It is classified under NTEE code B29 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Union Academy financially healthy?▼
Based on our 9-metric Financial Health Score model, Union Academy has a score of 62/100 (Grade: B). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Union Academy generate?▼
Union Academy reports $24.7M in annual revenue and holds $34.9M in total assets, based on IRS filings.
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