East Lake Academy Inc

Analysis

East Lake Academy Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in April 2015, 11 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 December 2022, East Lake Academy Inc reported income of $1.4m and spending of $1.5m, spending 102% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $753k to $1.4m (+89%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, East Lake Academy Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within AL. Charities of a similar size with the same main cause include Faith Christian Academy Inc ($1.4m), Glaziers Union Local 27 Joint Apprenticeship Fund ($1.4m) and University Rathskeller Inc ($1.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 39% and program service revenue 55% of the total. Other salaries and wages came to $576k. At year end it held assets of $415k against liabilities of $15k, net assets of $400k. It reported 20 employees.