Lyman Ward Military Academy the Southern Industrial Institute

Analysis

Lyman Ward Military Academy the Southern Industrial Institute is a registered charity in United States, based in Camp Hill, AL. It received its IRS tax-exemption ruling in November 1949, 77 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, Lyman Ward Military Academy the Southern Industrial Institute reported income of $3.7m and spending of $4.1m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $3.7m (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lyman Ward Military Academy the Southern Industrial Institute 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 90th percentile, and in the 93rd percentile within AL. Charities of a similar size with the same main cause include City Neighbors Charter School ($3.7m), Mission Achievement and Success Education Foundation Inc ($3.7m) and Lorain Bilingual Preparatory Academy ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Other salaries and wages came to $2.0m. At year end it held assets of $5.5m against liabilities of $1.8m, net assets of $3.7m. It reported 53 employees.