Lotus School for Excellence Foundation

Analysis

Lotus School for Excellence Foundation is a registered charity in United States, based in Aurora, CO. It received its IRS tax-exemption ruling in January 2007, 19 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3).

In the financial year ending June 2023, Lotus School for Excellence Foundation reported income of $2.6m and spending of $917k, leaving 65% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.4m to $2.6m (+92%), an average of +24% a year. The sharpest change came in the year to June 2021, when income rose by 50%. Over the whole period it spent 44% 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 Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CO. Charities of a similar size with the same main cause include Road Runners Club of America ($2.6m), Rural Innovations in Social Economics Inc ($2.7m) and Country Montessori School of Poway ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. At year end it held assets of $16.1m against liabilities of $8.2m, net assets of $7.9m.