Lennox Math Science and Technology Academy

Analysis

Lennox Math Science and Technology Academy is a registered charity in United States, based in Inglewood, CA. It received its IRS tax-exemption ruling in April 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 June 2023, Lennox Math Science and Technology Academy reported income of $11.1m and spending of $9.1m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.8m to $11.1m (+13%), an average of +3.1% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lennox Math Science and Technology Academy sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Coney Island Prep Builders Inc ($11.1m), Csu Bakersfield Auxiliary for Sponsored Programs Administration ($11.1m) and Spectrum High School ($11.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $159k (1.7% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $22.0m against liabilities of $5.4m, net assets of $16.6m. It reported 82 employees.