Early Light Academy

Analysis

Early Light Academy is a registered charity in United States, based in South Jordan, UT. It received its IRS tax-exemption ruling in April 2010, 16 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, Early Light Academy reported income of $10.3m and spending of $10.3m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.1m to $10.3m (+26%), an average of +6.0% a year. 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, Early Light Academy sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within UT. Charities of a similar size with the same main cause include Wolcott School ($10.3m), Liberty Classical Academy ($10.3m) and Providence Creek Academy Charter School ($10.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 3.4% of the total. At year end it held assets of $22.3m against liabilities of $23.8m, net assets of -$1.5m.