Marion Academy Inc

Analysis

Marion Academy Inc is a registered charity in United States, based in Marion, AL. It received its IRS tax-exemption ruling in November 1988, 38 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 May 2023, Marion Academy Inc reported income of $261k and spending of $279k, spending 107% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income fell from $353k to $261k (-26%), an average of -9.6% a year. The sharpest change came in the year to May 2021, when income rose by 72%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Marion Academy Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 60th percentile within AL. Charities of a similar size with the same main cause include Atg Learning Academy ($261k), Greeneville School Support Corporation ($261k) and Bridge Inc ($261k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Other salaries and wages came to $203k. At year end it held assets of $75k against liabilities of $98k, net assets of -$24k. It reported 22 employees.