Leadership Preparotory Academy Inc

Analysis

Leadership Preparotory Academy Inc is a registered charity in United States, based in Lithonia, GA. It received its IRS tax-exemption ruling in May 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 2024, Leadership Preparotory Academy Inc reported income of $3.8m and spending of $4.2m, spending 108% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $5.9m to $3.8m (-35%), an average of -10% a year. The sharpest change came in the year to June 2021, when income dropped by 36%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Leadership Preparotory Academy Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within GA. Charities of a similar size with the same main cause include Havern Center Inc ($3.8m), African American Leadership Forum ($3.8m) and Prichard Committee for Academic Excellence ($3.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.3% and program service revenue 91% of the total. At year end it held assets of $4.8m against liabilities of $5.5m, net assets of -$766k. It reported 33 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.