Founders Academy of Las Vegas

Analysis

Founders Academy of Las Vegas is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in November 2020, 6 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 June 2023, Founders Academy of Las Vegas reported income of $8.8m and spending of $9.3m, spending 106% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $6.9m to $8.8m (+28%), an average of +13% a year. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Founders Academy of Las Vegas sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NV. Charities of a similar size with the same main cause include Discovery High School Inc ($8.8m), Caldwell Academy ($8.8m) and McIntosh Trail E C D C ($8.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $186k (2.0% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $25.6m against liabilities of $27.2m, net assets of -$1.5m. It reported 99 employees.