Lionheart Academy of the Triad

Analysis

Lionheart Academy of the Triad is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in June 2016, 10 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, Lionheart Academy of the Triad reported income of $1.4m and spending of $1.2m, spending 83% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $885k to $1.4m (+60%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 36%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lionheart Academy of the Triad 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 84th percentile within NC. Charities of a similar size with the same main cause include Upstate Father Hood Coalition ($1.4m), Bridge Builders Foundation Inc ($1.4m) and Whispering Winds Charter School Project Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.3% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $115k (9.8% of expenses). Other salaries and wages came to $680k. At year end it held assets of $2.0m against liabilities of $776k, net assets of $1.2m. It reported 26 employees.