MDQ Academy

Analysis

MDQ Academy is a registered charity in United States, based in Commack, NY. It received its IRS tax-exemption ruling in December 2008, 18 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 December 2023, MDQ Academy reported income of $4.1m and spending of $2.8m, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $4.1m (+74%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 81%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, MDQ Academy sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Presentation School ($4.1m), Washington Christian School Society Inc ($4.1m) and Midtown International School Inc ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $93k (3.3% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $6.1m against liabilities of $1.8m, net assets of $4.3m. It reported 70 employees.