Lead Academy Inc

Analysis

Lead Academy Inc is a registered charity in United States, based in Midway, WV. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lead Academy Inc reported income of $1.7m and spending of $1.6m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $394k to $1.7m (+321%), an average of +43% a year. The sharpest change came in the year to December 2021, when income rose by 100%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lead Academy Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within WV. Charities of a similar size with the same main cause include Surviving Our Losses and Continuing Everyday Inc ($1.7m), International Midwife Assistance Inc ($1.7m) and Cancer Support Community - Central Indiana Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $377k (24% of expenses). At year end it held assets of $502k against liabilities of $418k, net assets of $84k. It reported 1 employees.