Morning Star Academy
EIN: 451593367 · Bonham, TX · NTEE: B24
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $1.9M |
| Net Assets | $20.3M |
Is Morning Star Academy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Morning Star Academy
Morning Star Academy (EIN: 451593367) is a nonprofit organization based in Bonham, TX, classified under NTEE code B24. The organization reported total revenue of $2.8M and total assets of $19.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Morning Star Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Morning Star Academy is a mid-size nonprofit that has been operating for 15 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -9.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $947K |
| Total Expenses | $1.9M |
| Surplus / Deficit | $-916,942 |
| Total Assets | $20.4M |
| Total Liabilities | $18K |
| Net Assets | $20.3M |
| Operating Margin | -96.8% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 131.0 months |
Financial Health Grade: B
In 2023, Morning Star Academy reported a deficit of $917K with expenses exceeding revenue, holds 131.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Morning Star Academy's revenue has declined at a compound annual growth rate (CAGR) of -9.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -40.6% | -3.0% | -4.0% |
| 2022 | -6.6% | -12.6% | -1.7% |
| 2021 | +36.8% | -2.1% | -3.1% |
| 2020 | -18.9% | -1.0% | -3.4% |
| 2019 | -17.2% | -1.7% | -3.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Morning Star Academy has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Morning Star Academy with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $917K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Frequently Asked Questions about Morning Star Academy
Is Morning Star Academy a legitimate charity?
Morning Star Academy (EIN: 451593367) is a registered tax-exempt nonprofit based in Texas. It has 12 years of IRS 990 filings on record. Total revenue: $2.8M. No red flags identified. Financial health grade: B.
How does Morning Star Academy spend its money?
Morning Star Academy reported $2.8M in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Morning Star Academy tax-deductible?
Morning Star Academy is registered as a tax-exempt nonprofit (EIN: 451593367). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Morning Star Academy located?
Morning Star Academy is headquartered in Bonham, Texas and files with the IRS under EIN 451593367. It is classified under NTEE code B24.
How many years of IRS 990 filings does Morning Star Academy have?
Morning Star Academy has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.8M in total revenue.
Filing History
IRS 990 filing history for Morning Star Academy showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Morning Star Academy's revenue has declined by 66.5%, moving from $2.8M to $947K. Total assets increased by 610.5% over the same period, from $2.9M to $20.4M. Total functional expenses rose by 7896%, from $23K to $1.9M. In its most recent filing year (2023), Morning Star Academy reported a deficit of $917K, with expenses exceeding revenue. The organization holds $18K in liabilities against $20.4M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $20.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $947K | $1.9M | $20.4M | $18K | — | View 990 |
| 2022 | $1.6M | $1.9M | $21.2M | $6K | — | View 990 |
| 2021 | $1.7M | $2.2M | $21.6M | $6K | — | View 990 |
| 2020 | $1.2M | $2.2M | $22.3M | $232K | — | View 990 |
| 2019 | $1.5M | $2.3M | $23.1M | $24K | — | View 990 |
| 2018 | $1.9M | $2.3M | $23.8M | $53K | — | View 990 |
| 2017 | $1.7M | $2.3M | $24.3M | $80K | — | View 990 |
| 2016 | $1.5M | $2.2M | $24.9M | $96K | — | View 990 |
| 2015 | $5.1M | $1.9M | $25.6M | $72K | — | View 990 |
| 2014 | $6.5M | $1.3M | $22.4M | $9K | — | View 990 |
| 2013 | $14.4M | $133K | $17.1M | $14K | — | View 990 |
| 2012 | $2.8M | $23K | $2.9M | $500 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $947K, expenses of $1.9M, and assets of $20.4M (revenue -40.6% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.9M, and assets of $21.2M (revenue -6.6% year-over-year).
- 2021: Revenue of $1.7M, expenses of $2.2M, and assets of $21.6M (revenue +36.8% year-over-year).
- 2020: Revenue of $1.2M, expenses of $2.2M, and assets of $22.3M (revenue -18.9% year-over-year).
- 2019: Revenue of $1.5M, expenses of $2.3M, and assets of $23.1M (revenue -17.2% year-over-year).
- 2018: Revenue of $1.9M, expenses of $2.3M, and assets of $23.8M (revenue +9.5% year-over-year).
- 2017: Revenue of $1.7M, expenses of $2.3M, and assets of $24.3M (revenue +13.8% year-over-year).
- 2016: Revenue of $1.5M, expenses of $2.2M, and assets of $24.9M (revenue -70.8% year-over-year).
- 2015: Revenue of $5.1M, expenses of $1.9M, and assets of $25.6M (revenue -21.9% year-over-year).
- 2014: Revenue of $6.5M, expenses of $1.3M, and assets of $22.4M (revenue -54.6% year-over-year).
- 2013: Revenue of $14.4M, expenses of $133K, and assets of $17.1M (revenue +408.7% year-over-year).
- 2012: Revenue of $2.8M, expenses of $23K, and assets of $2.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Morning Star Academy:
Data Sources and Methodology
This transparency report for Morning Star Academy is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.