Lakes International Language Academy PTO

Analysis

Lakes International Language Academy PTO is a registered charity in United States, based in Forest Lake, MN. It received its IRS tax-exemption ruling in October 2004, 22 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Lakes International Language Academy PTO reported income of $105k and spending of $90k, spending 86% of its income. Across the 4 years on record, from August 2019 to June 2024, income fell from $110k to $105k (-4.9%), an average of -1.7% a year. The sharpest change came in the year to June 2024, when income rose by 15%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lakes International Language Academy PTO sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within MN. Charities of a similar size with the same main cause include Los Cancioneros Master Chorale ($105k), Heritage Account Inc ($105k) and Asian American Womens Coalition ($105k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 7.3% of the total. At year end it held assets of $119k against liabilities of $0, net assets of $119k.