The Leadership Academy Inc

Analysis

The Leadership Academy Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Leadership Academy Inc reported income of $12.3m and spending of $9.5m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.9m to $12.3m (+56%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Leadership Academy Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Legacy Traditional School-Queen Creek ($12.3m), Legacy Traditional School - Laveen ($12.3m) and Oakland School for the Arts ($12.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $1.5m (16% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $11.2m against liabilities of $819k, net assets of $10.4m. It reported 52 employees.