The Light Academy Inc

EIN: 465254375 501(c)(3) Education

Cunningham, VA

Total Revenue
$616,305
Total Expenses
$644,521
Total Assets
$85,816
Net Assets
N/A
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
VA
Principal Officer
Joyce Parr
Phone
4348422222
Tax Period
2024-07-01 to 2025-06-30

The Light Academy Inc, founded in 2014, is a small nonprofit in the Education sector that reported $546K in total revenue in fiscal year 2021. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

The Light Academy recognizes that every child is a gift from God, and we partner with parents to teach children to love God, to love others.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $616,305
Investment Income $0
Other Revenue $0
TOTAL REVENUE $616,305

Expense Breakdown

Grants Paid $0
Salaries & Benefits $484,689
Fundraising Expenses $0
Program Expenses $644,521
Other Expenses $159,832
TOTAL EXPENSES $644,521

Year-over-Year Comparison

2024 2023 Change
Revenue $616,305 $636,076 0.0%
Expenses $644,521 $614,930 +0.0%
Net Income $-28,216 $21,146 -2.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
4
Independent Members
4
Employees
34
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
0
$0
Key Employees
1
$23,558
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Joyce Parr Principal/Director 35.00
Key Emp
$23,558 $0 $23,558
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $616,305 $644,521 $85,816 $-28,216
2024 $636,076 $614,930 $100,182 $21,146
2023 $673,211 $652,194 $93,170 $21,017
2022 $546,484 $589,860 No data $-43,376
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