Royal Live Oaks Academy-Ridgeland

Analysis

Royal Live Oaks Academy-Ridgeland is a registered charity in United States, based in Hardeeville, SC. It received its IRS tax-exemption ruling in July 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 June 2023, Royal Live Oaks Academy-Ridgeland reported income of $10.9m and spending of $10.8m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.9m to $10.9m (+39%), an average of +8.5% a year. The sharpest change came in the year to June 2021, when income rose by 20%. 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, Royal Live Oaks Academy-Ridgeland 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 95th percentile, and in the 97th percentile within SC. Charities of a similar size with the same main cause include Fort Worth Education Partnership Inc ($10.9m), American College of Sports Medicine Inc ($10.9m) and Pursuit Transformation Company Inc ($10.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $190k (1.7% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $22.1m against liabilities of $18.2m, net assets of $3.9m. It reported 123 employees.