Marco Island Charter Middle School

Analysis

Marco Island Charter Middle School is a registered charity in United States, based in Marco Island, FL. It received its IRS tax-exemption ruling in July 1998, 28 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, Marco Island Charter Middle School reported income of $3.7m and spending of $3.8m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $3.7m (+14%), an average of +3.3% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Marco Island Charter Middle School sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include The Growing Place Center for Care & Learning of Salem St Paul ($3.7m), Circle Christian School Inc ($3.7m) and State University of New York College at Farmingdale Foundation ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $214k (5.6% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $3.7m against liabilities of $2.1m, net assets of $1.6m. It reported 51 employees.