Lake Charles Charter Academy Foundation Inc

Analysis

Lake Charles Charter Academy Foundation Inc is a registered charity in United States, based in Lake Charles, LA. It received its IRS tax-exemption ruling in August 2011, 15 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 2023, Lake Charles Charter Academy Foundation Inc reported income of $41.4m and spending of $39.0m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.1m to $41.4m (+216%), an average of +33% a year. The sharpest change came in the year to June 2023, when income rose by 158%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lake Charles Charter Academy Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within LA. Charities of a similar size with the same main cause include Marion P Thomas Charter High School Education Association a NJ Nonprof ($41.4m), Academy of the New Church ($41.4m) and Air & Space Forces Association ($41.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Other salaries and wages came to $13.7m. At year end it held assets of $66.3m against liabilities of $52.8m, net assets of $13.5m.