Lila Building Company

Analysis

Lila Building Company is a registered charity in United States, based in Forest Lake, MN. It received its IRS tax-exemption ruling in March 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lila Building Company reported income of $2.7m and spending of $3.0m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.7m (+46%), an average of +9.9% a year. Over the whole period it spent 114% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lila Building Company sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MN. Charities of a similar size with the same main cause include Yeshiva Endowment Foundation Inc ($2.7m), Keene Endowment Association ($2.7m) and Neuse Christian Academy Inc ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $35.1m against liabilities of $36.7m, net assets of -$1.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.