Morelands Alternative Educational Academy Inc

Analysis

Morelands Alternative Educational Academy Inc is a registered charity in United States, based in Pompano Beach, FL. It received its IRS tax-exemption ruling in April 2021, 5 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 2024, Morelands Alternative Educational Academy Inc reported income of $1.6m and spending of $1.3m, spending 82% of its income. Across the 4 years on record, from June 2021 to June 2024, income grew from $381k to $1.6m (+320%), an average of +61% a year. The sharpest change came in the year to June 2022, when income rose by 129%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Morelands Alternative Educational Academy 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 86th percentile within FL. Charities of a similar size with the same main cause include Hollis Montessori School ($1.6m), Folds of Honor Foundation ($1.6m) and SLCC Foundation ($1.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.8% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $13k (1.0% of expenses). Other salaries and wages came to $344k. At year end it held assets of $659k against liabilities of $340k, net assets of $320k. It reported 15 employees.