Midway Star Academy

Analysis

Midway Star Academy is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in May 2004, 22 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, Midway Star Academy reported income of $8.5m and spending of $7.2m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.1m to $8.5m (+68%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 59%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Midway Star Academy 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 94th percentile, and in the 94th percentile within MN. Charities of a similar size with the same main cause include Chandler Preparatory Academy ($8.5m), Design Tech High School ($8.5m) and Robert G Carr & Nona K Carr Scholarship Foundation ($8.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $253k (3.5% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $10.5m against liabilities of $9.5m, net assets of $1.0m. It reported 102 employees.