Layc Career Academy Public Charter School

Analysis

Layc Career Academy Public Charter School is a registered charity in United States, based in Washington, DC. 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 June 2023, Layc Career Academy Public Charter School reported income of $3.1m and spending of $3.1m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $3.1m (+7.3%), an average of +1.8% a year. The sharpest change came in the year to June 2021, when income rose by 15%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Layc Career Academy Public Charter School sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 74th percentile within DC. Charities of a similar size with the same main cause include Texas Foundation for Educational Advancement Incorporated ($3.1m), Mary Ellen Halvorson Education Foundation ($3.1m) and Austin Community College Foundation ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $257k (8.2% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.9m against liabilities of $142k, net assets of $2.8m.