Lee Scott Academy Inc

Analysis

Lee Scott Academy Inc is a registered charity in United States, based in Auburn, AL. It received its IRS tax-exemption ruling in August 1967, 59 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lee Scott Academy Inc reported income of $8.9m and spending of $8.6m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.0m to $8.9m (+26%), an average of +5.9% a year. The sharpest change came in the year to June 2021, when income rose by 62%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lee Scott Academy Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within AL. Charities of a similar size with the same main cause include Options Family of Services ($8.9m), Child and Adolescent Behavioral Health ($8.9m) and West Baltimore Renaissance Foundation Inc ($8.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.5% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $152k (1.8% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $16.9m against liabilities of $1.6m, net assets of $15.3m. It reported 125 employees.