Louisiana Achievement Charter Academies Inc

Analysis

Louisiana Achievement Charter Academies Inc is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Louisiana Achievement Charter Academies Inc reported income of $19.3m and spending of $19.0m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.8m to $19.3m (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Louisiana Achievement Charter Academies Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within LA. Charities of a similar size with the same main cause include Rocky Mountain Classical Academy ($19.2m), Coastal Plains Education Center Inc ($19.3m) and Oakridge School Inc ($19.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.3% of the total. Other salaries and wages came to $7.5m. At year end it held assets of $4.5m against liabilities of $2.5m, net assets of $2.0m.