Lee Academy of Bishopville Inc

Analysis

Lee Academy of Bishopville Inc is a registered charity in United States, based in Bishopville, SC. It received its IRS tax-exemption ruling in July 1966, 60 years ago. 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, Lee Academy of Bishopville Inc reported income of $2.8m and spending of $2.7m, spending 95% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.7m to $2.8m (+64%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lee Academy of Bishopville Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within SC. Charities of a similar size with the same main cause include Particular Council of Jackson ($2.8m), Porters Daycare and Educational Center ($2.8m) and Thessalonika Family Services ($2.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 14% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $88k (3.3% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $2.5m against liabilities of $407k, net assets of $2.1m. It reported 94 employees.