Medieval Academy of America

Analysis

Medieval Academy of America is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in November 1941, 85 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Medieval Academy of America reported income of $1.4m and spending of $1.0m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $782k to $1.4m (+75%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 68%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Medieval Academy of America sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MA. Charities of a similar size with the same main cause include Monroe County Historical Assoc Inc ($1.4m), Providence Christian School ($1.4m) and Senior Services of Seattle-King County ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $162k (16% of expenses). Other salaries and wages came to $184k. At year end it held assets of $10.2m against liabilities of $1.8m, net assets of $8.4m. It reported 4 employees.