Lead Academy Classical School

Analysis

Lead Academy Classical School is a registered charity in United States, based in Pace, FL. 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 2023, Lead Academy Classical School reported income of $4.5m and spending of $4.6m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $4.5m (+70%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 40%. 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, Lead Academy Classical School sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include East Bay Educational Collaborative ($4.5m), Tomorrows Hope Inc ($4.5m) and Academy Charter School 2 ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.0% and program service revenue 79% of the total. Other salaries and wages came to $2.1m. At year end it held assets of $8.1m against liabilities of $5.1m, net assets of $3.1m. It reported 102 employees.