Lagrange Academy Incorporated

Analysis

Lagrange Academy Incorporated is a registered charity in United States, based in Lagrange, GA. It received its IRS tax-exemption ruling in August 1970, 56 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 2023, Lagrange Academy Incorporated reported income of $4.4m and spending of $3.2m, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $4.4m (+71%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 29%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lagrange Academy Incorporated sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within GA. Charities of a similar size with the same main cause include Torah Center-Midwest Inc ($4.4m), Authors Guild FDN Inc ($4.4m) and New Horizons Center Inc for People with Special Needs ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 63% of the total. Other salaries and wages came to $1.9m. At year end it held assets of $5.5m against liabilities of $493k, net assets of $5.0m. It reported 67 employees.