Morgan Park Academy

Analysis

Morgan Park Academy is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 1942, 84 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, Morgan Park Academy reported income of $10.2m and spending of $9.9m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.7m to $10.2m (+17%), an average of +4.0% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Morgan Park Academy sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IL. Charities of a similar size with the same main cause include Brighten Academy Inc ($10.2m), Pennsylvania College of Art and Design ($10.2m) and Sandhills Independent School Corp ($10.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.7% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $341k (3.4% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $7.4m against liabilities of $4.1m, net assets of $3.4m. It reported 166 employees.