Claiborne Academy Foundation

Analysis

Claiborne Academy Foundation is a registered charity in United States, based in Haynesville, LA. It received its IRS tax-exemption ruling in December 2003, 23 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 July 2024, Claiborne Academy Foundation reported income of $1.4m and spending of $1.5m, spending 105% of what it took in. Across the 5 years on record, from July 2020 to July 2024, income grew from $1.3m to $1.4m (+11%), an average of +2.6% a year. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Claiborne Academy Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within LA. Charities of a similar size with the same main cause include Lifespring Academy ($1.4m), Learning Company ($1.4m) and Whatcom Community College Foundation ($1.4m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 2.6% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $45k (3.0% of expenses). Other salaries and wages came to $600k. At year end it held assets of $580k against liabilities of $231k, net assets of $349k. It reported 30 employees.