Minnesota Early Learning Academy Inc

Analysis

Minnesota Early Learning Academy Inc is a registered charity in United States, based in Maple Grove, MN. It received its IRS tax-exemption ruling in March 2014, 12 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, Minnesota Early Learning Academy Inc reported income of $3.5m and spending of $4.1m, spending 117% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.3m to $3.5m (+4.8%), an average of +1.6% a year. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Minnesota Early Learning Academy Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MN. Charities of a similar size with the same main cause include Out Teach ($3.5m), Southeastern Regional Education Service Center Inc ($3.5m) and Georgia Military College Foundation Inc ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $250k (6.1% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $2.8m against liabilities of $4.9m, net assets of -$2.1m. It reported 46 employees.