Morning Star Academy

Analysis

Morning Star Academy is a registered charity in United States, based in Bonham, TX. It received its IRS tax-exemption ruling in September 2011, 15 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, Morning Star Academy reported income of $947k and spending of $1.9m, spending 197% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $947k (-38%), an average of -11% a year. The sharpest change came in the year to June 2023, when income dropped by 41%. Over the whole period it spent 149% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Morning Star Academy sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Sullivan County Community College Dormitory Corporation ($947k), Crew Boosters of Winter Park Inc ($947k) and United Students Government Service Group Inc ($947k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $99k (5.3% of expenses). Other salaries and wages came to $479k. At year end it held assets of $20.4m against liabilities of $18k, net assets of $20.3m. It reported 38 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.