Lynnhaven School Inc

Analysis

Lynnhaven School Inc is a registered charity in United States, based in Henrico, VA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lynnhaven School Inc reported income of $1.2m and spending of $1.4m, spending 115% of what it took in. Across the 6 years on record, from December 2018 to June 2023, income grew from $528k to $1.2m (+131%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 389%. 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, Lynnhaven School Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within VA. Charities of a similar size with the same main cause include Lehman College Auxiliary Enterprises Corp ($1.2m), Rise Up Education ($1.2m) and Atchison Child Care Assn ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $239k (17% of expenses). Other salaries and wages came to $543k. At year end it held assets of $686k against liabilities of $667k, net assets of $19k. It reported 16 employees.