Medina Academy

Analysis

Medina Academy is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in February 2000, 26 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, Medina Academy reported income of $2.9m and spending of $2.9m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $2.9m (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2022, when income rose by 62%. 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, Medina Academy sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within WA. Charities of a similar size with the same main cause include Education in Action ($2.9m), Everybody Dance LA ($2.9m) and Arkansas Alumni Association Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $84k (2.9% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $3.9m against liabilities of $315k, net assets of $3.6m.