Briarfield Academy

Analysis

Briarfield Academy is a registered charity in United States, based in LK Providence, LA. It received its IRS tax-exemption ruling in December 1970, 56 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, Briarfield Academy reported income of $1.8m and spending of $1.5m, spending 83% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.3m to $1.8m (+39%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Briarfield Academy sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within LA. Charities of a similar size with the same main cause include Jacksonville Public Libraries Foundation Inc ($1.8m), Massachusetts Association of 766 Approved Private Schools Inc ($1.8m) and Fort Mill District Band Booster Club Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 53% of the total. Other salaries and wages came to $883k. At year end it held assets of $1.6m against liabilities of $144k, net assets of $1.5m. It reported 49 employees.