Living Faith Academy

Analysis

Living Faith Academy is a registered charity in United States, based in Daytona Beach, FL. It received its IRS tax-exemption ruling in August 2014, 12 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, Living Faith Academy reported income of $1.7m and spending of $1.6m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.7m (+13%), an average of +3.0% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Living Faith 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 86th percentile within FL. Charities of a similar size with the same main cause include Washington Japanese Language School ($1.7m), Mujeres Unidas Avanzando Inc ($1.7m) and Dong Shin Christian Preschool Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $527k. At year end it held assets of -$160k against liabilities of $0, net assets of -$160k. It reported 9 employees.