Literacy Leadership Technology Academy

Analysis

Literacy Leadership Technology Academy is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in May 2006, 20 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, Literacy Leadership Technology Academy reported income of $12.7m and spending of $12.7m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.3m to $12.7m (+140%), an average of +24% a year. The sharpest change came in the year to June 2021, when income rose by 91%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Literacy Leadership 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 96th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Hope Montessori Academy ($12.7m), Nova Academy ($12.7m) and Park Day School Corporation ($12.7m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $18.5m against liabilities of $18.0m, net assets of $512k.