Lake Land College Foundation Inc

Analysis

Lake Land College Foundation Inc is a registered charity in United States, based in Mattoon, IL. It received its IRS tax-exemption ruling in March 1971, 55 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Lake Land College Foundation Inc reported income of $1.7m and spending of $1.8m, spending 106% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $888k to $1.7m (+88%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 207%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lake Land College Foundation Inc sits at the 81st 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 IL. Charities of a similar size with the same main cause include Mattituck Laurel Library ($1.7m), Rogue Community College Foundation ($1.7m) and Pinewoods Montessori School Corporation ($1.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 57% of the total. Other salaries and wages came to $234k. At year end it held assets of $18.0m against liabilities of $394k, net assets of $17.6m.