Life Academy GJ

Analysis

Life Academy GJ is a registered charity in United States, based in Grand JCT, CO. It received its IRS tax-exemption ruling in January 2021, 5 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, Life Academy GJ reported income of $508k and spending of $508k, spending 100% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $184k to $508k (+176%), an average of +66% a year. The sharpest change came in the year to June 2022, when income rose by 146%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Life Academy GJ sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within CO. Charities of a similar size with the same main cause include Bal Perazim Christian Academy Inc ($508k), Aragon High School Ptso Inc a California NPFT Public BNFT Corp ($508k) and Deutsche Sprachschule Bloomfield Inc ($508k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Other salaries and wages came to $277k. At year end it held assets of $18k against liabilities of $9,418, net assets of $8,907. It reported 22 employees.