Leadership Academy of Utah

Analysis

Leadership Academy of Utah is a registered charity in United States, based in Ogden, UT. It received its IRS tax-exemption ruling in January 2020, 6 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, Leadership Academy of Utah reported income of $4.7m and spending of $4.0m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $4.7m (+127%), an average of +23% a year. The sharpest change came in the year to June 2020, when income rose by 70%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Leadership Academy of Utah sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within UT. Charities of a similar size with the same main cause include Ieducate USA ($4.7m), Alfalah Academy Inc ($4.7m) and Onondaga Community College Housing Development Corp ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $106k (2.7% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.9m against liabilities of $61k, net assets of $1.8m. It reported 87 employees.