Mount Vernon Academy
EIN: 870343022 · Murray, UT · NTEE: B21Z
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $833K |
| Net Assets | $158K |
Is Mount Vernon Academy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mount Vernon Academy
Mount Vernon Academy (EIN: 870343022) is a nonprofit organization based in Murray, UT, classified under NTEE code B21Z. The organization reported total revenue of $1.4M and total assets of $187K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mount Vernon Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mount Vernon Academy is a mid-size nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $863K |
| Total Expenses | $833K |
| Surplus / Deficit | +$30K |
| Total Assets | $158K |
| Net Assets | $158K |
| Operating Margin | 3.5% |
| Months of Reserves | 2.3 months |
Financial Health Grade: A
In 2023, Mount Vernon Academy reported a surplus of $30K with revenue exceeding expenses, holds 2.3 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Mount Vernon Academy's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.9% | +16.4% | +23.6% |
| 2022 | +53.0% | +25.5% | +347.9% |
| 2021 | +0.9% | +11.5% | +50.6% |
| 2020 | +14.0% | +17.5% | -77.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1982 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mount Vernon 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 Mount Vernon 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 surplus of $30K, with revenue exceeding expenses.
Frequently Asked Questions about Mount Vernon Academy
Is Mount Vernon Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Mount Vernon Academy (EIN: 870343022) insufficient data. 0 red flags identified, 0 strengths noted.
How does Mount Vernon Academy spend its money?
Detailed spending breakdown data is not yet available for Mount Vernon Academy. Check back for updated IRS 990 analysis.
Are donations to Mount Vernon Academy tax-deductible?
Mount Vernon Academy is registered as a tax-exempt nonprofit (EIN: 870343022). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mount Vernon Academy located?
Mount Vernon Academy is headquartered in Murray, Utah and files with the IRS under EIN 870343022. It is classified under NTEE code B21Z.
How many years of IRS 990 filings does Mount Vernon Academy have?
Mount Vernon Academy has 13 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 $1.4M in total revenue.
Filing History
IRS 990 filing history for Mount Vernon Academy showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mount Vernon Academy's revenue has grown by 46.1%, moving from $591K to $863K. Total assets increased by 87.5% over the same period, from $84K to $158K. Total functional expenses rose by 52.2%, from $547K to $833K. In its most recent filing year (2023), Mount Vernon Academy reported a surplus of $30K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $863K | $833K | $158K | $0 | — | View 990 |
| 2022 | $815K | $715K | $128K | $0 | — | View 990 |
| 2021 | $532K | $570K | $29K | $0 | — | View 990 |
| 2020 | $528K | $511K | $19K | $0 | — | View 990 |
| 2019 | $463K | $435K | $83K | $0 | — | View 990 |
| 2018 | $0 | $602K | $23K | $0 | — | View 990 |
| 2017 | $573K | $558K | $9K | $0 | — | View 990 |
| 2016 | $695K | $689K | $8K | $0 | — | View 990 |
| 2015 | $825K | $823K | $3K | $0 | — | View 990 |
| 2014 | $704K | $624K | $1K | $0 | — | View 990 |
| 2013 | $652K | $640K | $11K | $0 | — | View 990 |
| 2012 | $649K | $650K | $354 | $0 | — | View 990 |
| 2011 | $591K | $547K | $84K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $863K, expenses of $833K, and assets of $158K (revenue +5.9% year-over-year).
- 2022: Revenue of $815K, expenses of $715K, and assets of $128K (revenue +53.0% year-over-year).
- 2021: Revenue of $532K, expenses of $570K, and assets of $29K (revenue +0.9% year-over-year).
- 2020: Revenue of $528K, expenses of $511K, and assets of $19K (revenue +14.0% year-over-year).
- 2019: Revenue of $463K, expenses of $435K, and assets of $83K.
- 2018: Revenue of $0, expenses of $602K, and assets of $23K (revenue -100.0% year-over-year).
- 2017: Revenue of $573K, expenses of $558K, and assets of $9K (revenue -17.5% year-over-year).
- 2016: Revenue of $695K, expenses of $689K, and assets of $8K (revenue -15.7% year-over-year).
- 2015: Revenue of $825K, expenses of $823K, and assets of $3K (revenue +17.2% year-over-year).
- 2014: Revenue of $704K, expenses of $624K, and assets of $1K (revenue +8.0% year-over-year).
- 2013: Revenue of $652K, expenses of $640K, and assets of $11K (revenue +0.3% year-over-year).
- 2012: Revenue of $649K, expenses of $650K, and assets of $354 (revenue +10.0% year-over-year).
- 2011: Revenue of $591K, expenses of $547K, and assets of $84K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mount Vernon Academy:
Data Sources and Methodology
This transparency report for Mount Vernon 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.