Montgomery Academy Inc

Analysis

Montgomery Academy Inc is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in January 1961, 65 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Montgomery Academy Inc reported income of $12.3m and spending of $13.3m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.8m to $12.3m (+13%), an average of +3.1% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Montgomery Academy Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 98th percentile within AL. Charities of a similar size with the same main cause include South County Home Health ($12.3m), Light of Life Ministries Inc ($12.3m) and Ritter Center ($12.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.6% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $343k (2.6% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $21.4m against liabilities of $11.7m, net assets of $9.7m. It reported 292 employees.