Longleaf Academy Inc

Analysis

Longleaf Academy Inc is a registered charity in United States, based in Pinehurst, NC. It received its IRS tax-exemption ruling in January 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2024, Longleaf Academy Inc reported income of $256k and spending of $361k, spending 141% of what it took in. Across the 5 years on record, from July 2020 to July 2024, income fell from $293k to $256k (-13%), an average of -3.4% a year. The sharpest change came in the year to July 2022, when income rose by 45%. Over the whole period it spent 122% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Longleaf Academy Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NC. Charities of a similar size with the same main cause include San Diego Writers Ink ($256k), Luso-American Education Foundation ($256k) and Kaleidoscope Child Foundation Inc ($256k).

On its Form 990 for the period ending July 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $73k (20% of expenses). Other salaries and wages came to $210k. At year end it held assets of $30k against liabilities of $126k, net assets of -$96k. It reported 10 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.