Lionsgate Academy

Analysis

Lionsgate Academy is a registered charity in United States, based in Minnetonka, MN. It received its IRS tax-exemption ruling in January 2009, 17 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 June 2023, Lionsgate Academy reported income of $27.2m and spending of $27.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.4m to $27.2m (+66%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lionsgate Academy sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MN. Charities of a similar size with the same main cause include California State University - Northridge Foundation ($27.2m), Cape Henry Collegiate School Inc ($27.2m) and Mastery Charter School - Gratz Campus ($27.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $504k (1.9% of expenses). Other salaries and wages came to $12.3m. At year end it held assets of $29.4m against liabilities of $37.0m, net assets of -$7.6m. It reported 387 employees.