Changing Lives Academy Inc

Analysis

Changing Lives Academy Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in April 2021, 5 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 2023, Changing Lives Academy Inc reported income of $781k and spending of $796k, spending 102% of its income. Across the 5 years on record, from December 2018 to December 2023, income grew from $526k to $781k (+49%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Changing Lives Academy Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include Hopkinsville Community College Foundation Inc ($781k), Charter School Financing Partnership LLC ($781k) and Saranac Lake Free Library ($781k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $61k (7.7% of expenses). Other salaries and wages came to $359k. At year end it held assets of $84k against liabilities of $297k, net assets of -$213k. It reported 23 employees.