North Carolina · Nonprofit
FALLS LAKE ACADEMY
FALLS LAKE ACADEMY (North Carolina) receives grants from 4 organizations whose IRS filings report $13,532 to it, the largest being NORTH CAROLINA HIGH SCHOOL ATHLETIC ASSOCIATION INC ($9,264). 1 of them have funded it in more than one year.
- Revenue FY2025
- $14M
- Funders on record
- 4
- Grants received
- $14k
- Net assets
- $6.4M
What Falls Lake Academy does
Mission
Falls Lake Academy seeks to create a challenging learning environment while striving to meet the academic, social, and emotional needs of our 21st century learners to prepare them for citizenship, leadership, and success in a rapidly changing world. Our school promotes a safe, orderly, caring and supportive community. Each student's self-esteem is fostered by positive relationships with students and staff. We strive to have our parents, teachers, and community members actively involved in our student's learning.
As stated on its FY2025 Form 990.
Program
To provide facilities, teachers, and materials to students enrolled at a nc public charter school
$13,162,561 spent$1,038,798 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $13,162,561.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2017 to 2018, from $12M to $18M (+50%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 92% · 2018 93% · 2019 91% · 2020 94% · 2021 97% · 2022 94% · 2023 93% · 2024 91% · 2025 93%. Grants only. Government contracts and fees sit inside program revenue.
93% of FALLS LAKE ACADEMY’s revenue is contributions — more reliant on donations than three-quarters of its peers (23% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Joey Johnson
Executive director
Board chair
Trey Brooks
Chairman
As listed on its FY2025 Form 990.
Who funds it, year by year
2019 → 2021: the base broadened from 1 funder to 2 funders, grant income rose $2k → $10k.
From the IRS filings of FALLS LAKE ACADEMY’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
FALLS LAKE ACADEMY leans on a few funders — its largest provides 68% of grant income and the top three 94%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
68% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund FALLS LAKE ACADEMY.
Largest funder’s share by year: 2019 100% · 2020 100% · 2021 97% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
86% of FALLS LAKE ACADEMY's grant income comes from North Carolina funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
FALLS LAKE ACADEMY holds deeper cash reserves than three-quarters of the 3,758 education nonprofits its size.
this organization peer median middle 50% of peers· 3,758 education nonprofits $10M–$100M, FY2025
Organizations like FALLS LAKE ACADEMY
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In North Carolina
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
100% of spending goes to programs.
Governance
Screen this organization
A dated, signed PDF of the compliance screen for FALLS LAKE ACADEMY: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds FALLS LAKE ACADEMY?
- FALLS LAKE ACADEMY (North Carolina) receives grants from 4 organizations whose IRS filings report $13,532 to it, the largest being NORTH CAROLINA HIGH SCHOOL ATHLETIC ASSOCIATION INC ($9,264). 1 of them have funded it in more than one year.
- How many funders does FALLS LAKE ACADEMY have?
- IRS filings report 4 organizations giving $13,532 in grants to FALLS LAKE ACADEMY, 1 of which have funded it in more than one year.
- Who is the largest funder of FALLS LAKE ACADEMY?
- NORTH CAROLINA HIGH SCHOOL ATHLETIC ASSOCIATION INC is the largest funder on record, with $9,264 in grants. The full list of funders is on this page.
- How can an organization like FALLS LAKE ACADEMY find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Falls Lake Academy →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 4 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing