Lotus School for Excellence Inc

Analysis

Lotus School for Excellence Inc is a registered charity in United States, based in Aurora, CO. It received its IRS tax-exemption ruling in September 2007, 19 years ago. 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, Lotus School for Excellence Inc reported income of $15.8m and spending of $15.9m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.2m to $15.8m (+54%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 18%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lotus School for Excellence Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within CO. Charities of a similar size with the same main cause include Breakthrough Urban Ministries Inc ($15.8m), Florida Citrus Sports Association Inc ($15.8m) and Visiting Nurse Association of Central Jersey Comm Health Ctr Inc ($15.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $172k (1.1% of expenses). Other salaries and wages came to $7.2m. At year end it held assets of $6.6m against liabilities of $19.2m, net assets of -$12.5m. It reported 167 employees.