Mounds Park Academy

Analysis

Mounds Park Academy is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in March 1989, 37 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, Mounds Park Academy reported income of $24.1m and spending of $21.2m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.0m to $24.1m (+41%), an average of +9.0% a year. The sharpest change came in the year to June 2023, when income rose by 25%. 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, Mounds Park Academy sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within MN. Charities of a similar size with the same main cause include Walnut Hill Center for the Arts Inc ($24.0m), Lycee International de Boston International School of Boston Inc ($24.1m) and Eagle Hill Foundation Inc ($24.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.8% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $549k (2.6% of expenses). Other salaries and wages came to $8.3m. At year end it held assets of $31.5m against liabilities of $10.7m, net assets of $20.8m. It reported 200 employees.