North Carolina Leadership Charter Academy Incorporated

Analysis

North Carolina Leadership Charter Academy Incorporated is a registered charity in United States, based in Kernersville, NC. It received its IRS tax-exemption ruling in December 2013, 13 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 2021, North Carolina Leadership Charter Academy Incorporated reported income of $10.5m and spending of $10.4m, spending 100% of its income. Across the 3 years on record, from June 2019 to June 2021, income grew from $7.0m to $10.5m (+50%), an average of +22% a year. The sharpest change came in the year to June 2020, when income rose by 23%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North Carolina Leadership Charter Academy Incorporated 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 96th percentile within NC. Charities of a similar size with the same main cause include Trinity Academy Incorporated ($10.5m), Edison Bethune Charter Academy ($10.5m) and Philadelphia Technician Training Inc ($10.4m).

On its Form 990 for the period ending June 2021, revenue came from contributions and grants 1.5% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $108k (1.0% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $34.5m against liabilities of $31.3m, net assets of $3.1m. It reported 109 employees.