Morning Star Preparatory Academy Inc

Analysis

Morning Star Preparatory Academy Inc is a registered charity in United States, based in W Valley City, UT. It received its IRS tax-exemption ruling in April 2019, 7 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 December 2023, Morning Star Preparatory Academy Inc reported income of $2.6m and spending of $2.7m, spending 104% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $633k to $2.6m (+312%), an average of +33% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Morning Star Preparatory Academy Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within UT. Charities of a similar size with the same main cause include Swan River Montessori Charter School ($2.6m), Dwight Hall at Yale ($2.6m) and Argonauta Educational Programs Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $1.4m against liabilities of $1.0m, net assets of $338k. It reported 117 employees.