990 Scout/ Magic City Acceptance Academy Charter School/ Financials

Financial Information for Magic City Acceptance Academy Charter School

Magic City Acceptance Academy Charter School's annual revenue was $5.5M in tax year 2024, reported on their IRS Form 990. They spent $6.9M in total expenses. 93% went to programs and services.

Financial Breakdown

What is Magic City Acceptance Academy Charter School's total annual expenses?

Magic City Acceptance Academy Charter School spent $6.9M in tax year 2024, according to their IRS Form 990 filing.

How much of Magic City Acceptance Academy Charter School's budget goes to programs?

Magic City Acceptance Academy Charter School spent $6.4M (93% of expenses) on programs and services in tax year 2024.

How much does Magic City Acceptance Academy Charter School spend on overhead?

Magic City Acceptance Academy Charter School's overhead in tax year 2024 includes administrative (7%) of their expenses.

What is Magic City Acceptance Academy Charter School's net worth?

Magic City Acceptance Academy Charter School had net assets of −$2.9M as of the end of tax year 2024.

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All figures are reported on the organization's IRS Form 990 filing and are public record. Revenue and expense data come from Form 990 Part I, and asset data comes from the balance sheet section. These are filed amounts as reported by the organization.