Little Scholars Academy at Lake Oconee Inc

Analysis

Little Scholars Academy at Lake Oconee Inc is a registered charity in United States, based in Eatonton, GA. It received its IRS tax-exemption ruling in April 2016, 10 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 July 2023, Little Scholars Academy at Lake Oconee Inc reported income of $212k and spending of $222k, spending 105% of its income. Across the 2 years on record, from July 2022 to July 2023, income grew from $130k to $212k (+63%), an average of +63% a year. The sharpest change came in the year to July 2023, when income rose by 63%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Little Scholars Academy at Lake Oconee Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within GA. Charities of a similar size with the same main cause include Discovery Therapies Inc ($212k), Kauai High School Foundation ($212k) and Friends of the Seattle Public Library ($212k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $32k (14% of expenses). Other salaries and wages came to $56k. At year end it held assets of $3,606 against liabilities of $54k, net assets of -$50k. It reported 5 employees.