Moravian Academy

Analysis

Moravian Academy is a registered charity in United States, based in Bethlehem, PA. It received its IRS tax-exemption ruling in October 1957, 69 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Moravian Academy reported income of $33.1m and spending of $35.8m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.4m to $33.1m (+55%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 44%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Moravian Academy sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Federal Defenders of San Diego Inc ($33.1m), Ascension Calumet Hospital Inc ($33.1m) and South Coast Childrens Society Inc ($33.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.5% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $315k (0.9% of expenses). Other salaries and wages came to $14.0m. At year end it held assets of $47.6m against liabilities of $5.6m, net assets of $41.9m. It reported 378 employees.