Lakeside Christian Academy Inc

Analysis

Lakeside Christian Academy Inc is a registered charity in United States, based in Morehead, KY. It received its IRS tax-exemption ruling in April 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, Lakeside Christian Academy Inc reported income of $1.5m and spending of $1.4m, spending 94% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.0m to $1.5m (+50%), an average of +8.4% a year. The sharpest change came in the year to June 2020, when income rose by 22%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lakeside Christian Academy Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within KY. Charities of a similar size with the same main cause include College Association of the Niagara County Community College Inc ($1.5m), Parents for Educational Freedom in North Carolina Inc ($1.5m) and University of Santa Monica ($1.5m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 95% of the total. Other salaries and wages came to $800k. At year end it held assets of $2.4m against liabilities of $1.2m, net assets of $1.2m. It reported 80 employees.