Lead the Way Learning Academy

Analysis

Lead the Way Learning Academy is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in August 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lead the Way Learning Academy reported income of $2.9m and spending of $2.5m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.9m (+136%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 83%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lead the Way Learning Academy sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include GRCS Eagle Impact ($2.9m), Kemmerer Village Foundation Inc ($3.0m) and Iba Foundation Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $93k (3.7% of expenses). Other salaries and wages came to $950k. At year end it held assets of $651k against liabilities of $186k, net assets of $465k. It reported 278 employees.