Star of the North Academy

Analysis

Star of the North Academy is a registered charity in United States, based in East Bethel, MN. It received its IRS tax-exemption ruling in April 2015, 11 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, Star of the North Academy reported income of $3.1m and spending of $3.2m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $3.1m (+56%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 47%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Star of the North Academy sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MN. Charities of a similar size with the same main cause include Montana State University Billings Foundation & Alumni ($3.1m), Samuel Staten Sr Pre-Apprenticeship Program ($3.1m) and Christian Educators Inc ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $35k (1.1% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $4.4m against liabilities of $5.0m, net assets of -$558k. It reported 43 employees.