Eastlake High School of Colorado Springs

Analysis

Eastlake High School of Colorado Springs is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in November 2006, 20 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 2024, Eastlake High School of Colorado Springs reported income of $2.1m and spending of $1.8m, spending 85% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.7m to $2.1m (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2023, when income rose by 27%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Eastlake High School of Colorado Springs sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within CO. Charities of a similar size with the same main cause include Brooklyn College Association Inc ($2.1m), Memorial & Library Association ($2.1m) and Education Alliance for New Hampshire ($2.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 24% and program service revenue 76% of the total. Other salaries and wages came to $926k. At year end it held assets of $1.7m against liabilities of $2.5m, net assets of -$864k. It reported 22 employees.