The Learning Academy Inc

Analysis

The Learning Academy Inc is a registered charity in United States, based in Miramar Beach, FL. It received its IRS tax-exemption ruling in March 2002, 24 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, The Learning Academy Inc reported income of $1.5m and spending of $1.2m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $1.5m (+19%), an average of +4.4% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Learning Academy Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Kinteel Residential Campus Inc ($1.5m), Roxbury Presbyterian Church Social Impact Center Inc ($1.5m) and Long Beach Education Foundation ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $529k. At year end it held assets of $1.9m against liabilities of $597k, net assets of $1.3m. It reported 22 employees.