Levites Academy Foundation

Analysis

Levites Academy Foundation is a registered charity in United States, based in Germantown, TN. It received its IRS tax-exemption ruling in April 2020, 6 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, Levites Academy Foundation reported income of $103k and spending of $99k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $75k to $103k (+38%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Levites Academy Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within TN. Charities of a similar size with the same main cause include Cherry Tree Elementary Parent Teacher Organization Inc ($103k), Gilead Community Development Corporation Inc ($103k) and Inspired by Science ($103k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5,119 against liabilities of $0, net assets of $5,119.