Manhattan Star Academy

Analysis

Manhattan Star Academy is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2000, 26 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 June 2023, Manhattan Star Academy reported income of $17.4m and spending of $15.5m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.9m to $17.4m (+121%), an average of +22% a year. The sharpest change came in the year to June 2020, when income rose by 41%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Manhattan Star Academy sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Alliance for College-Ready Public Schools Facilities Corporation ($17.4m), Angelo State University Foundation Inc ($17.4m) and Innovative Learning Inc ($17.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.6% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $279k (1.8% of expenses). Other salaries and wages came to $8.4m. At year end it held assets of $31.7m against liabilities of $24.2m, net assets of $7.5m. It reported 290 employees.