Leake Academy Inc

Analysis

Leake Academy Inc is a registered charity in United States, based in Madden, MS. It received its IRS tax-exemption ruling in January 2015, 11 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, Leake Academy Inc reported income of $2.6m and spending of $2.6m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $2.6m (+9.4%), an average of +2.3% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Leake Academy Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within MS. Charities of a similar size with the same main cause include Onondaga Community College Association Inc ($2.6m), Cable Center ($2.6m) and Southland Christian Ministries Inc ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $210k (8.2% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $3.3m against liabilities of $151k, net assets of $3.2m. It reported 64 employees.