Keystone Learning Academy Inc

Analysis

Keystone Learning Academy Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in March 1974, 52 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Keystone Learning Academy Inc reported income of $1.0m and spending of $1.1m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $865k to $1.0m (+18%), an average of +4.2% a year. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Keystone Learning Academy Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within KY. Charities of a similar size with the same main cause include American Indian Community House Inc ($1.0m), Construyendo Circules de Paz-Constructing Circles of Peace ($1.0m) and Visionserve Alliance Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $106k (9.9% of expenses). Other salaries and wages came to $640k. At year end it held assets of $686k against liabilities of $94k, net assets of $592k. It reported 23 employees.