Living Education Academy

Analysis

Living Education Academy is a registered charity in United States, based in Kingsport, TN. 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 June 2024, Living Education Academy reported income of $116k and spending of $121k, spending 105% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $99k to $116k (+17%), an average of +17% a year. The sharpest change came in the year to June 2024, when income rose by 17%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Living Education Academy sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within TN. Charities of a similar size with the same main cause include Collierville Partners in Education ($116k), Prodigal Son Foundation ($116k) and Strawn Independent School District Education Foundation ($116k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 97% of the total. At year end it held assets of $32k against liabilities of $7,554, net assets of $24k.