Mels Academy Inc

Analysis

Mels Academy Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mels Academy Inc reported income of $220k and spending of $243k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $26k to $220k (+738%), an average of +70% a year. The sharpest change came in the year to December 2020, when income rose by 375%. Over the whole period it spent 90% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Mels Academy Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within IN. Charities of a similar size with the same main cause include Great NH Restaurants Charitable TR ($220k), Dallas Service Forum ($220k) and Children of Incarcerated Parents Partnership Inc ($219k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $164k (67% of expenses). At year end it held assets of $172k against liabilities of $112k, net assets of $60k. It reported 17 employees.