The Schools of McKeel Academy Inc

Analysis

The Schools of McKeel Academy Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in January 1999, 27 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, The Schools of McKeel Academy Inc reported income of $37.7m and spending of $36.2m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $27.4m to $37.7m (+38%), an average of +8.3% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Schools of McKeel Academy Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Kansas Wesleyan University ($37.7m), Orange County Head Start ($37.8m) and Suffield Academy ($37.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 8.3% of the total. Compensation of current officers, directors and key employees was $649k (1.8% of expenses). Other salaries and wages came to $19.3m. At year end it held assets of $41.3m against liabilities of $32.3m, net assets of $9.0m. It reported 437 employees.