Maranatha Academy

Analysis

Maranatha Academy is a registered charity in United States, based in Superior, WI. It received its IRS tax-exemption ruling in February 1984, 42 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 July 2023, Maranatha Academy reported income of $260k and spending of $286k, spending 110% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $335k to $260k (-22%), an average of -6.2% a year. The sharpest change came in the year to July 2021, when income dropped by 36%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Maranatha Academy sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within WI. Charities of a similar size with the same main cause include College for Kids a Summer Exploration Inc ($260k), Lanier Middle School Parent Teacher Organization ($260k) and Thomas Hart Music Boosters ($260k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 32% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $30k (11% of expenses). Other salaries and wages came to $142k. At year end it held assets of $155k against liabilities of $2,469, net assets of $153k. It reported 14 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.