Mount Vernon Academy

Analysis

Mount Vernon Academy is a registered charity in United States, based in Murray, UT. It received its IRS tax-exemption ruling in December 1982, 44 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, Mount Vernon Academy reported income of $863k and spending of $833k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $463k to $863k (+86%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 53%. 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, Mount Vernon Academy sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within UT. Charities of a similar size with the same main cause include Point Loma High School Pointer Association ($863k), Capital City Fund for Education Inc ($863k) and Western Kentucky University Alumni Association Inc ($863k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $99k (12% of expenses). Other salaries and wages came to $279k. At year end it held assets of $158k against liabilities of $0, net assets of $158k. It reported 18 employees.