Learning Excellence Foundation of South Palm Beach Inc

Analysis

Learning Excellence Foundation of South Palm Beach Inc is a registered charity in United States, based in Lake Worth, FL. It received its IRS tax-exemption ruling in January 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Learning Excellence Foundation of South Palm Beach Inc reported income of $12.9m and spending of $12.5m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.0m to $12.9m (+44%), an average of +9.5% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Learning Excellence Foundation of South Palm Beach Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include California Charter Schools Association ($12.9m), Kids on the Move Inc ($13.0m) and Rise Partnership ($12.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 6.7% of the total. Other salaries and wages came to $4.7m. At year end it held assets of $21.6m against liabilities of $19.1m, net assets of $2.6m. It reported 117 employees.