Marc Academy & Family Center Inc

Analysis

Marc Academy & Family Center Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in July 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Marc Academy & Family Center Inc reported income of $8.3m and spending of $8.2m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $6.8m to $8.3m (+23%), an average of +7.1% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Marc Academy & Family Center Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Association for Progressive Communications ($8.3m), Christian Heritage Academy ($8.3m) and Triumph Inc ($8.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $361k (4.4% of expenses). At year end it held assets of $7.8m against liabilities of $5.6m, net assets of $2.1m. It reported 47 employees.