Cuttingedge Learning Academy Inc

Analysis

Cuttingedge Learning Academy Inc is a registered charity in United States, based in Riverview, FL. It received its IRS tax-exemption ruling in March 2015, 11 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 December 2023, Cuttingedge Learning Academy Inc reported income of $693k and spending of $733k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $554k to $693k (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cuttingedge Learning Academy Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include Hype Freedom School Inc ($693k), Sharron Millers Academy for the Performing Arts Inc ($693k) and Center for Wellness and Achievement in Education ($693k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $99k (13% of expenses). Other salaries and wages came to $372k. At year end it held assets of $99k against liabilities of $127k, net assets of -$28k. It reported 15 employees.