Lake Forest Elementary Charter School

Analysis

Lake Forest Elementary Charter School is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in October 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 2023, Lake Forest Elementary Charter School reported income of $8.4m and spending of $8.7m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.3m to $8.4m (+14%), an average of +3.4% a year. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lake Forest Elementary Charter School sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within LA. Charities of a similar size with the same main cause include Kidsmart ($8.4m), Westport Library Assoc ($8.4m) and Aquifer Inc ($8.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $260k (3.0% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $5.8m against liabilities of $143k, net assets of $5.6m. It reported 134 employees.