MBC Academy Inc

Analysis

MBC Academy Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in February 2022, 4 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, MBC Academy Inc reported income of $652k and spending of $660k, spending 101% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $566k to $652k (+15%), an average of +7.3% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, MBC Academy Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within KY. Charities of a similar size with the same main cause include Great After-School Place ($652k), Cci Foundation Inc ($652k) and Al-Hadi Inc ($652k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $120k (18% of expenses). At year end it held assets of $50k against liabilities of $8,540, net assets of $41k. It reported 6 employees.