Charlie Life and Leadership Academy

Analysis

Charlie Life and Leadership Academy is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Charlie Life and Leadership Academy reported income of $155k and spending of $191k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $88k to $155k (+76%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 660%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Charlie Life and Leadership Academy sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within MN. Charities of a similar size with the same main cause include Five Oaks Academy PTO Inc ($155k), David M Herskovits Foundation ($155k) and Houston Taiwan Institute for Senior Citizens ($155k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $34k (18% of expenses). At year end it held assets of $109k against liabilities of $10k, net assets of $99k.