Middlebury Academy

Analysis

Middlebury Academy is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in August 2001, 25 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, Middlebury Academy reported income of $2.7m and spending of $2.6m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $2.7m (+1.5%), an average of +0.4% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Middlebury Academy sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within OH. Charities of a similar size with the same main cause include Construction Education Foundation Inc ($2.7m), Jones Library Inc ($2.7m) and Florida High School for Accelerated Learning-Hillsborough County Camp ($2.7m).

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 $1.4m. At year end it held assets of $1.4m against liabilities of $2.6m, net assets of -$1.3m.