F H L Academy Inc

Analysis

F H L Academy Inc is a registered charity in United States, based in Bagley, MN. It received its IRS tax-exemption ruling in March 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 September 2023, F H L Academy Inc reported income of $449k and spending of $432k, spending 96% of its income. Across the 3 years on record, from September 2021 to September 2023, income grew from $326k to $449k (+37%), an average of +17% a year. The sharpest change came in the year to September 2022, when income rose by 56%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, F H L Academy Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within MN. Charities of a similar size with the same main cause include Thief River Falls Education Foundation ($449k), Inglewood Educational Foundation ($449k) and Eleazar Wheelock House Inc ($449k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 45% and program service revenue 46% of the total. Other salaries and wages came to $266k. At year end it held assets of $565k against liabilities of $1,598, net assets of $563k. It reported 17 employees.