Louisiana Key Academy

Analysis

Louisiana Key Academy is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in January 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Louisiana Key Academy reported income of $11.6m and spending of $9.8m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.4m to $11.6m (+113%), an average of +21% a year. The sharpest change came in the year to June 2023, when income rose by 34%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Louisiana Key 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 LA. Charities of a similar size with the same main cause include Manchester Academic Charter School ($11.6m), Urban Assembly Charter School for Computer Science ($11.6m) and Ecumenical Community ($11.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Other salaries and wages came to $4.7m. At year end it held assets of $7.6m against liabilities of $1.3m, net assets of $6.3m. It reported 185 employees.