Krayola Learning Academy Inc

Analysis

Krayola Learning Academy Inc is a registered charity in United States, based in Covington, TN. It received its IRS tax-exemption ruling in September 2023, 3 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 December 2023, Krayola Learning Academy Inc reported income of $961k and spending of $990k, spending 103% of its income. Across the 3 years on record, from December 2018 to December 2023, income grew from $461k to $961k (+109%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Krayola Learning Academy Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within TN. Charities of a similar size with the same main cause include Kittredge Magnet School Foundation Inc ($961k), Atlantic Cape Community College ($961k) and PBDG Foundation ($961k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $438k (44% of expenses). At year end it held assets of $979k against liabilities of $661k, net assets of $319k. It reported 45 employees.