Mountain Sunrise Academy Inc

Analysis

Mountain Sunrise Academy Inc is a registered charity in United States, based in Ogden, UT. 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 June 2023, Mountain Sunrise Academy Inc reported income of $4.6m and spending of $4.0m, spending 89% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $360k to $4.6m (+1162%), an average of +133% a year. The sharpest change came in the year to June 2021, when income rose by 748%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mountain Sunrise Academy Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within UT. Charities of a similar size with the same main cause include Benjamin Franklin Academy Inc ($4.6m), Heartshare Education Center ($4.6m) and Pioneer Institute Inc ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $120k (3.0% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $11.9m against liabilities of $11.6m, net assets of $312k. It reported 73 employees.