Leman Academy of Excellence Inc

Analysis

Leman Academy of Excellence Inc is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in August 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, Leman Academy of Excellence Inc reported income of $52.3m and spending of $47.5m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $24.7m to $52.3m (+112%), an average of +21% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Leman Academy of Excellence Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within AZ. Charities of a similar size with the same main cause include P16plus Council of Greater Bexar County Foundation Inc ($52.1m), Council for Native Hawaiian Advancement ($52.3m) and Mars Hill University ($52.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.2% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $663k (1.4% of expenses). Other salaries and wages came to $22.7m. At year end it held assets of $138.2m against liabilities of $131.5m, net assets of $6.7m. It reported 743 employees.