Land Academy

Analysis

Land Academy is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Land Academy reported income of $1.2m and spending of $1.3m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $711k to $1.2m (+64%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 55%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Land Academy sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within TN. Charities of a similar size with the same main cause include Burlington Daycare Inc ($1.2m), Construyendo Futuros Inc ($1.2m) and Phoenix Associates Counseling Services Inc ($1.2m).

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 $138k (11% of expenses). Other salaries and wages came to $297k. At year end it held assets of $493k against liabilities of $151k, net assets of $342k. It reported 20 employees.