Future Leaders of Excellence Academy

Analysis

Future Leaders of Excellence Academy is a registered charity in United States, based in Goodlettsville, TN. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Future Leaders of Excellence Academy reported income of $680k and spending of $581k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $399k to $680k (+70%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 65%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Future Leaders of Excellence Academy sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within TN. Charities of a similar size with the same main cause include Praise Academy ($680k), Impact Acadiana ($680k) and Ella Baker Charles Romain Child Development Center ($680k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $84k (14% of expenses). Other salaries and wages came to $234k. At year end it held assets of $415k against liabilities of $104k, net assets of $312k. It reported 31 employees.