Mot Charter School Inc

Analysis

Mot Charter School Inc is a registered charity in United States, based in Middletown, DE. It received its IRS tax-exemption ruling in January 2002, 24 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, Mot Charter School Inc reported income of $19.1m and spending of $20.5m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.6m to $19.1m (+22%), an average of +5.1% a year. Over the whole period it spent 111% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mot Charter School Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within DE. Charities of a similar size with the same main cause include Buck Institute for Education ($19.1m), Hellenic Classical Charter Schools ($19.1m) and Gibault Foundation Inc ($19.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $985k (4.8% of expenses). Other salaries and wages came to $8.1m. At year end it held assets of $45.1m against liabilities of $68.1m, net assets of -$22.9m.

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.