South Florida Academy of Learning Inc

Analysis

South Florida Academy of Learning Inc is a registered charity in United States, based in Coconut Creek, FL. It received its IRS tax-exemption ruling in May 1999, 27 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 December 2023, South Florida Academy of Learning Inc reported income of $3.2m and spending of $1.8m, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $3.2m (+203%), an average of +32% a year. The sharpest change came in the year to December 2021, when income rose by 104%. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, South Florida Academy of Learning Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Paradise Christian School & Development Center Inc ($3.2m), Crossbridge Inc ($3.2m) and Cahn Fellows Programs Corporation ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $42k (2.4% of expenses). Other salaries and wages came to $649k. At year end it held assets of $9.0m against liabilities of $3.1m, net assets of $5.9m. It reported 50 employees.