Lake Wales Charter Schools Foundation Inc

Analysis

Lake Wales Charter Schools Foundation Inc is a registered charity in United States, based in Lake Wales, FL. It received its IRS tax-exemption ruling in March 2005, 21 years ago. 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 June 2023, Lake Wales Charter Schools Foundation Inc reported income of $403k and spending of $476k, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $403k (-69%), an average of -25% a year. The sharpest change came in the year to June 2021, when income dropped by 57%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Wales Charter Schools Foundation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 70th percentile within FL. Charities of a similar size with the same main cause include The Palms Estates of Highland County Inc ($403k), Disability Empowher Network Inc ($403k) and Delta Research Education and Development Foundation ($403k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $1.6m against liabilities of $94k, net assets of $1.5m.