Morning Star Academy

Analysis

Morning Star Academy is a registered charity in United States, based in Rocky Ridge, UT. It received its IRS tax-exemption ruling in September 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 2024, Morning Star Academy reported income of $5.6m and spending of $506k, leaving 91% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $368k to $5.6m (+1415%), an average of +97% a year. The sharpest change came in the year to June 2023, when income rose by 507%. Over the whole period it spent 25% 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 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within UT. Charities of a similar size with the same main cause include Brentwood School Inc ($5.6m), Fellowship of Christians in Universities and Schools Inc ($5.6m) and William & Mary Law School Foundation ($5.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $24k (4.8% of expenses). Other salaries and wages came to $354k. At year end it held assets of $7.4m against liabilities of $0, net assets of $7.4m. It reported 73 employees.