Umbrella Learning Academy Corporation

Analysis

Umbrella Learning Academy Corporation is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in July 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 December 2023, Umbrella Learning Academy Corporation reported income of $579k and spending of $542k, spending 94% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $60k to $579k (+867%), an average of +211% a year. The sharpest change came in the year to December 2022, when income rose by 425%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Umbrella Learning Academy Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Los Altos Chinese School Childrens Center ($578k), Montessori Center for Children Inc ($579k) and United Planet Corp ($578k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Other salaries and wages came to $292k. At year end it held assets of $119k against liabilities of $20k, net assets of $99k. It reported 17 employees.