Academias LA Paz

Analysis

Academias LA Paz is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in May 2001, 25 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 June 2023, Academias LA Paz reported income of $9.3m and spending of $9.3m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.5m to $9.3m (+9.1%), an average of +2.2% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Academias LA Paz 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 94th percentile within MN. Charities of a similar size with the same main cause include Reach Leadership Academy ($9.3m), American College of Foot and Ankle Surgeons ($9.3m) and Notre Dame de Namur University ($9.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 5.4% of the total. Compensation of current officers, directors and key employees was $235k (2.5% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $7.9m against liabilities of $5.7m, net assets of $2.2m. It reported 138 employees.