Midtown Academy Inc

Analysis

Midtown Academy Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in November 1997, 29 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, Midtown Academy Inc reported income of $2.6m and spending of $2.4m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $2.6m (+22%), an average of +5.1% a year. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Midtown Academy Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MD. Charities of a similar size with the same main cause include Mercantile Library Association of the City of New York ($2.6m), Teach St Louis ($2.6m) and Independent Training and Apprenticeship Program ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $241k (10.0% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $257k against liabilities of $9,168, net assets of $248k. It reported 16 employees.