Marco Island Academy a Public Charter High School Inc

Analysis

Marco Island Academy a Public Charter High School Inc is a registered charity in United States, based in Marco Island, FL. It received its IRS tax-exemption ruling in July 2011, 15 years ago. 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 2024, Marco Island Academy a Public Charter High School Inc reported income of $4.9m and spending of $23.8m, spending 482% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $5.0m to $4.9m (-1.3%), an average of -0.3% a year. The sharpest change came in the year to June 2023, when income rose by 64%. Over the whole period it spent 148% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Marco Island Academy a Public Charter High School 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 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Openplans Inc ($4.9m), Arc of St Charles Inc ($4.9m) and Hudson Montessori Association ($4.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 25% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $587k (2.5% of expenses). Other salaries and wages came to $1.9m. It paid $12k in professional fundraising fees. At year end it held assets of $2.0m against liabilities of $2.8m, net assets of -$826k. It reported 39 employees.