Varsity Leadership Academy

Analysis

Varsity Leadership Academy is a registered charity in United States, based in Red Oak, TX. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Varsity Leadership Academy reported income of $70k and spending of $81k, spending 115% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $45k to $70k (+56%), an average of +56% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 103% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Varsity Leadership Academy sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within TX. Charities of a similar size with the same main cause include Friends of Kilimanjaro Initiative Inc ($70k), New Journey Youth Center ($71k) and Mt Washington Youth Inc ($70k).

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 $17k against liabilities of $0, net assets of $17k.