Lakeside Legacy Foundation

Analysis

Lakeside Legacy Foundation is a registered charity in United States, based in Crystal Lake, IL. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lakeside Legacy Foundation reported income of $1.2m and spending of $1.1m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $665k to $1.2m (+73%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 35%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lakeside Legacy Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include Spoon River College Foundation ($1.2m), Saddlerock Education Association a Nonprofit Corporation ($1.2m) and Winebrenner Theological Seminary ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 27% of the total. Other salaries and wages came to $421k. At year end it held assets of $3.1m against liabilities of $612k, net assets of $2.5m. It reported 14 employees.