Lakewood Elementary School Foundation Inc

Analysis

Lakewood Elementary School Foundation Inc is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in January 2011, 15 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 December 2023, Lakewood Elementary School Foundation Inc reported income of $90k and spending of $88k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $84k to $90k (+7.8%), an average of +7.8% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lakewood Elementary School Foundation Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 31st percentile within MN. Charities of a similar size with the same main cause include Steam for Vietnam Foundation ($90k), Kings Mills Elementary School PTO ($90k) and RRHS Football Booster Club ($90k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.2% and program service revenue 87% of the total. At year end it held assets of $93k against liabilities of $0, net assets of $93k.