Molalla River Academy

Analysis

Molalla River Academy is a registered charity in United States, based in Molalla, OR. It received its IRS tax-exemption ruling in April 2009, 17 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, Molalla River Academy reported income of $2.2m and spending of $2.3m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $2.2m (+49%), an average of +10% a year. The sharpest change came in the year to June 2020, when income rose by 22%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Molalla River Academy sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within OR. Charities of a similar size with the same main cause include North Shore High School ($2.2m), Coram Deo Academy Inc ($2.2m) and Alternative Education Academy of Iosco County ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 7.1% of the total. Compensation of current officers, directors and key employees was $156k (6.7% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $1.8m against liabilities of $2.1m, net assets of -$316k. It reported 48 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.