Maor Academy LA Inc

Analysis

Maor Academy LA Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 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, Maor Academy LA Inc reported income of $1.5m and spending of $1.8m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $306k to $1.5m (+403%), an average of +50% a year. The sharpest change came in the year to December 2021, when income rose by 859%. Over the whole period it spent 61% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Maor Academy LA Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Covenant Academy ($1.5m), Augustine School ($1.5m) and Newport Community School ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 35% of the total. Other salaries and wages came to $939k. It paid $8,000 in professional fundraising fees. At year end it held assets of $5.2m against liabilities of $2.6m, net assets of $2.6m. It reported 26 employees.