Morganton Day School Inc

Analysis

Morganton Day School Inc is a registered charity in United States, based in Morganton, NC. It received its IRS tax-exemption ruling in March 1980, 46 years ago. 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, Morganton Day School Inc reported income of $1.3m and spending of $1.2m, spending 88% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.3m to $1.3m (+6.1%), an average of +1.5% a year. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Morganton Day School Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include Good Shepherd Corporation Iowa City Iowa ($1.3m), Hermosa Beach Education Foundation ($1.3m) and The Arkansas Single Parent Scholarship Fund ($1.3m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 14% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $94k (8.0% of expenses). Other salaries and wages came to $618k. At year end it held assets of $1.5m against liabilities of $453k, net assets of $1.0m. It reported 27 employees.