LA Academia de Estrellas

Analysis

LA Academia de Estrellas is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in July 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, LA Academia de Estrellas reported income of $14.2m and spending of $13.7m, spending 97% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $11.4m to $14.2m (+24%), an average of +5.6% a year. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, LA Academia de Estrellas sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Christina Seix Academy a New Jersey Nonprofit Corporation ($14.2m), Dublin School Inc ($14.2m) and Agape ($14.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 97% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $265k (1.9% of expenses). Other salaries and wages came to $8.8m. At year end it held assets of $19.4m against liabilities of $4.5m, net assets of $15.0m. It reported 208 employees.