Madison-Ridgeland Academy

Analysis

Madison-Ridgeland Academy is a registered charity in United States, based in Madison, MS. It received its IRS tax-exemption ruling in December 1990, 36 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 2024, Madison-Ridgeland Academy reported income of $20.7m and spending of $17.7m, spending 86% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $13.0m to $20.7m (+59%), an average of +12% a year. The sharpest change came in the year to May 2021, when income rose by 23%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Madison-Ridgeland Academy sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within MS. Charities of a similar size with the same main cause include Michigan Tech Fund ($20.7m), Los Angeles Pacific University ($20.8m) and Vermont College of Fine Arts Inc ($20.7m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 16% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $239k (1.3% of expenses). Other salaries and wages came to $9.3m. At year end it held assets of $36.3m against liabilities of $9.3m, net assets of $27.0m. It reported 356 employees.