Lakeland-Andover School

Analysis

Lakeland-Andover School is a registered charity in United States, based in Newton, NJ. It received its IRS tax-exemption ruling in June 1973, 53 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, Lakeland-Andover School reported income of $1.9m and spending of $1.9m, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.7m to $1.9m (+11%), an average of +2.6% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lakeland-Andover School sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within NJ. Charities of a similar size with the same main cause include Geneva Classical Inc ($1.9m), Snow Farm-The New England Craft Program Inc ($1.9m) and Believers Academy Inc ($1.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 4.8% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $227k (12% of expenses). Other salaries and wages came to $969k. At year end it held assets of $1.4m against liabilities of $1.1m, net assets of $279k. It reported 27 employees.