Micanopy Academy Inc

Analysis

Micanopy Academy Inc is a registered charity in United States, based in Micanopy, FL. It received its IRS tax-exemption ruling in May 2002, 24 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, Micanopy Academy Inc reported income of $814k and spending of $895k, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $690k to $814k (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Micanopy Academy Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Safe Haven Youth Program Inc ($814k), Walleyes Unlimited of Montana ($814k) and National Snaffle Bit Association Foundation Inc ($814k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 82% of the total. Other salaries and wages came to $564k. At year end it held assets of $705k against liabilities of $817k, net assets of -$112k. It reported 17 employees.