Life Academy Inc

Analysis

Life Academy Inc is a registered charity in United States, based in Apollo Beach, FL. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover health care, 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, Life Academy Inc reported income of $1.1m and spending of $920k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $285k to $1.1m (+275%), an average of +39% a year. The sharpest change came in the year to December 2021, when income rose by 49%. 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, Life Academy Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include McKee Medical Center Foundation ($1.1m), Mary Lees House Inc ($1.1m) and Hope Unlimited Family Care Center ($1.1m).

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 $629k (68% of expenses). At year end it held assets of $0 against liabilities of $0, net assets of $0.