Margarita Muniz Academy Foundation Inc

Analysis

Margarita Muniz Academy Foundation Inc is a registered charity in United States, based in Jamaica Plain, MA. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Margarita Muniz Academy Foundation Inc reported income of $747k and spending of $700k, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $192k to $747k (+290%), an average of +40% a year. The sharpest change came in the year to June 2022, when income rose by 90%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Margarita Muniz Academy Foundation Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MA. Charities of a similar size with the same main cause include Foundation for Excellence in Bridgeport Public Schools Inc ($747k), Heartstrings Unlimited Inc ($747k) and The Ivymount Foundation Inc ($747k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $86k. At year end it held assets of $779k against liabilities of $112k, net assets of $666k.