Midland Academy Charter School Inc

Analysis

Midland Academy Charter School Inc is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in September 1999, 27 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 August 2023, Midland Academy Charter School Inc reported income of $3.9m and spending of $3.9m, spending 100% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $4.0m to $3.9m (-3.9%), an average of -1.0% a year. The sharpest change came in the year to August 2021, when income rose by 18%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Midland Academy Charter School Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Jacksonville College ($3.9m), A Call to College ($3.9m) and Dual Language Immersion North County ($3.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $2.5m (63% of expenses). Other salaries and wages came to $82k. At year end it held assets of $6.3m against liabilities of $759k, net assets of $5.6m. It reported 73 employees.