Lake Forest Graduate School of Management

Analysis

Lake Forest Graduate School of Management is a registered charity in United States, based in Lake Forest, IL. It received its IRS tax-exemption ruling in March 1969, 57 years ago. 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 Graduate School of Management reported income of $8.0m and spending of $9.3m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $10.2m to $8.0m (-22%), an average of -6.1% a year. The sharpest change came in the year to June 2022, when income dropped by 16%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Forest Graduate School of Management sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include Brackens Kitchen Inc ($7.9m), Home of the Child El Hogar Del Nino ($8.0m) and Heritage Group Homes Inc ($7.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.5% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $1.0m (11% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $15.5m against liabilities of $1.1m, net assets of $14.4m. It reported 154 employees.