Maayan Academy Inc

Analysis

Maayan Academy Inc is a registered charity in United States, based in Jackson, NJ. It received its IRS tax-exemption ruling in March 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 December 2023, Maayan Academy Inc reported income of $1.4m and spending of $1.5m, spending 107% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $280k to $1.4m (+391%), an average of +122% a year. The sharpest change came in the year to December 2022, when income rose by 250%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Maayan Academy Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within NJ. Charities of a similar size with the same main cause include Welsh Hills School ($1.4m), Summit Christian School ($1.4m) and Connections High School & Vocational Center Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. At year end it held assets of $134k against liabilities of $199k, net assets of -$66k. It reported 62 employees.