Leaders of Tomorrow Early Learning Academy Inc

Analysis

Leaders of Tomorrow Early Learning Academy Inc is a registered charity in United States, based in Vineland, NJ. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Leaders of Tomorrow Early Learning Academy Inc reported income of $1.1m and spending of $1.4m, spending 123% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $494k to $1.1m (+132%), an average of +132% a year. The sharpest change came in the year to December 2023, when income rose by 132%. Over the whole period it spent 136% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Leaders of Tomorrow Early Learning Academy Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include Academy of St Louis ($1.1m), Gifted and Talented Educational School ($1.1m) and Kentucky State University Foundation Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $730k. At year end it held assets of $2.7m against liabilities of $3.3m, net assets of -$589k. It reported 60 employees.