Mater Academy Foundation Inc
6340 Sunset Dr, Miami, FL · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $21,190,707 | $39,420,167 | $3,831,447 |
| FY2024 | $21,553,239 | $24,411,879 | $22,060,907 |
| FY2023 | $19,374,880 | $17,193,334 | $24,919,547 |
| FY2022 | $64,349,125 | $10,812,456 | $70,593,825 |
| FY2020 | $5,742,131 | $3,660,683 | $7,676,258 |
| FY2019 | $9,080,237 | $7,505,857 | $5,594,810 |
| FY2018 | $6,998,458 | $5,539,277 | $4,006,943 |
| FY2017 | $5,517,756 | $4,685,063 | $2,547,762 |
| FY2016 | $4,854,820 | $3,842,054 | $1,715,069 |
| FY2015 | $3,330,289 | $2,636,979 | $702,303 |
| FY2014 | $2,089,682 | $2,215,722 | $8,993 |
| FY2013 | $277,392 | $323,584 | $135,033 |
| FY2012 | $653,494 | $495,088 | $181,225 |
| FY2011 | $34,090 | $649 | $22,819 |
Form 990 filings
The returns filed by Mater Academy Foundation Inc (EIN 26-3039409), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $73,868 | <1% |
| Program service revenue | $19,208,969 | 91% |
| Other revenue | $1,907,870 | 9% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $39,256,035 | 100% |
| Management & general | $164,132 | <1% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 91% of total revenue in FY2025.
- Program services accounted for 100% of functional expenses, management & general 0%, and fundraising 0%.
- 100% of functional expenses went to program services in FY2025. That is higher than 96.8% of 220 Education organizations in FL.
- Net assets covered about 1.2 months of expenses at the end of the reporting year. That puts it in the 16th percentile among 2798 Education organizations in FL.
- Total revenue was higher than 95.5% of 2873 Education organizations in FL.
- Total revenue rose from $34,090 in FY2011 to $21,190,707 in FY2025. Revenue increased in 9 and decreased in 4 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 4 of 14 reported years (FY2013, FY2014, FY2024, FY2025).
- The highest revenue on record here is $64,349,125 in FY2022.
- Net assets grew from $22,819 to $3,831,447 between FY2011 and FY2025.
- Contributions and grants made up 57% of revenue in FY2011 and 0% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
MATER ACADEMY FOUNDATION, INC. IS A NOT-FOR-PROFIT ORGANIZATION OPERATING IN SOUTH FLORIDA. THE ORGANIZATION PROVIDES FINANCIAL SUPPORT TO ALL MATER ACADEMY CHARTER SCHOOLS.
IRS status
| Ruling year | 2010 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B11 — Education (in FL) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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