Laureate Academy Inc

Analysis

Laureate Academy Inc is a registered charity in United States, based in Harvey, LA. It received its IRS tax-exemption ruling in December 2014, 12 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, Laureate Academy Inc reported income of $6.9m and spending of $6.0m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $6.9m (+124%), an average of +22% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Laureate Academy Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within LA. Charities of a similar size with the same main cause include Kings University ($6.9m), Princeton International School of Mathematics and Science Inc ($6.9m) and Chicago Scholars Foundation ($6.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $155k (2.6% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $4.9m against liabilities of $592k, net assets of $4.3m. It reported 100 employees.