Treasures of Life Academy Inc

Analysis

Treasures of Life Academy Inc is a registered charity in United States, based in Winter Haven, FL. It received its IRS tax-exemption ruling in May 2014, 12 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 December 2023, Treasures of Life Academy Inc reported income of $129k and spending of $125k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $103k to $129k (+25%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 25%. 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, Treasures of Life Academy Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 47th percentile within FL. Charities of a similar size with the same main cause include Batavia Bulldog Boosters Organization Inc ($129k), First Baptist Church of Sweetwater Texas Foundation Inc ($129k) and Family Faculty Association of Miramar Ranch School ($129k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. At year end it held assets of $119k against liabilities of $5,742, net assets of $114k.