Lake Wales Charter Schools

Analysis

Lake Wales Charter Schools is a registered charity in United States, based in Lake Wales, FL. It received its IRS tax-exemption ruling in June 2004, 22 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, Lake Wales Charter Schools reported income of $56.9m and spending of $54.7m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $40.9m to $56.9m (+39%), an average of +8.6% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lake Wales Charter Schools sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Bridgeprep Academy Inc ($56.8m), Relay Graduate School of Education ($56.9m) and Sierra Canyon High School Foundation ($56.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $1.7m (3.1% of expenses). Other salaries and wages came to $24.6m. At year end it held assets of $50.6m against liabilities of $39.7m, net assets of $10.9m. It reported 709 employees.