Marlboro Academy Inc

Analysis

Marlboro Academy Inc is a registered charity in United States, based in Bennetsville, SC. It received its IRS tax-exemption ruling in December 1968, 58 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, Marlboro Academy Inc reported income of $2.0m and spending of $2.0m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $2.0m (+17%), an average of +4.0% a year. The sharpest change came in the year to June 2022, when income rose by 77%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Marlboro Academy Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within SC. Charities of a similar size with the same main cause include Fund for Teachers a Foundation to Recognize Stimulate and Enhance ($2.0m), Sesame Workshop International Inc ($2.0m) and Northwest Arkansas Community College Foundation Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.7% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $111k (5.4% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $3.0m against liabilities of $705k, net assets of $2.3m. It reported 61 employees.