Morgantown Learning Academy

Analysis

Morgantown Learning Academy is a registered charity in United States, based in Morgantown, WV. It received its IRS tax-exemption ruling in June 2016, 10 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 July 2023, Morgantown Learning Academy reported income of $974k and spending of $964k, spending 99% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $782k to $974k (+24%), an average of +5.6% a year. The sharpest change came in the year to July 2022, when income rose by 25%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Morgantown Learning Academy sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within WV. Charities of a similar size with the same main cause include Memphis Library Foundation ($973k), Southwestern Association of Episcopal Schools Inc ($974k) and Project Tomorrow ($973k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $80k (8.3% of expenses). Other salaries and wages came to $539k. At year end it held assets of $1.2m against liabilities of $651k, net assets of $546k. It reported 39 employees.