Madina Academy Inc

Analysis

Madina Academy Inc is a registered charity in United States, based in Windsor, CT. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Madina Academy Inc reported income of $1.4m and spending of $1.4m, spending 100% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.1m to $1.4m (+30%), an average of +6.7% a year. The sharpest change came in the year to August 2021, when income rose by 28%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Madina Academy Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within CT. Charities of a similar size with the same main cause include Longhouse Reserve ($1.4m), Regina Foundation ($1.4m) and Green Options Buffalo ($1.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 10% and program service revenue 87% of the total. Other salaries and wages came to $895k. At year end it held assets of $2.9m against liabilities of $0, net assets of $2.9m. It reported 55 employees.