Menlo Park Academy

Analysis

Menlo Park Academy is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in June 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, Menlo Park Academy reported income of $5.6m and spending of $5.9m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.6m to $5.6m (-14%), an average of -3.7% a year. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Menlo Park Academy sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within OH. Charities of a similar size with the same main cause include Stoneybrooke Christian Schools ($5.6m), Dixon Montissori Charter School ($5.6m) and Boston Public Library Fund Inc ($5.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $2.2m. At year end it held assets of $18.9m against liabilities of $14.3m, net assets of $4.6m. It reported 99 employees.