The Light Academy Inc

Analysis

The Light Academy Inc is a registered charity in United States, based in Palmyra, VA. It received its IRS tax-exemption ruling in May 2018, 8 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, The Light Academy Inc reported income of $673k and spending of $652k, spending 97% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $546k to $673k (+23%), an average of +23% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Light Academy Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within VA. Charities of a similar size with the same main cause include Order of Omega ($673k), University of York in America Inc ($673k) and Hood River New School ($673k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $12k (1.8% of expenses). Other salaries and wages came to $424k. At year end it held assets of $93k against liabilities of $93k, net assets of $0. It reported 35 employees.