Lionheart Childrens Academy

Analysis

Lionheart Childrens Academy is a registered charity in United States, based in Bedford, TX. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lionheart Childrens Academy reported income of $31.0m and spending of $31.1m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.6m to $31.0m (+146%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 84%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lionheart Childrens Academy sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Greater Europe Mission ($29.8m), American Family Association Inc ($31.0m) and Marketplace Ministries Inc ($29.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $1.4m (4.4% of expenses). Other salaries and wages came to $15.2m. At year end it held assets of $12.8m against liabilities of $7.2m, net assets of $5.7m. It reported 939 employees.