Lashon Academy

Analysis

Lashon Academy is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 2015, 11 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, Lashon Academy reported income of $12.1m and spending of $7.0m, leaving 42% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.7m to $12.1m (+113%), an average of +21% a year. The sharpest change came in the year to June 2023, when income rose by 43%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lashon Academy sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Indian River State College FDN Inc ($12.1m), North American University ($12.1m) and Springer School & Center ($12.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $165k (2.4% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $21.3m against liabilities of $4.4m, net assets of $16.9m. It reported 128 employees.