Lake Center Christian School

Analysis

Lake Center Christian School is a registered charity in United States, based in Hartville, OH. It received its IRS tax-exemption ruling in June 1967, 59 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 Center Christian School reported income of $9.3m and spending of $7.2m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.6m to $9.3m (+66%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 39%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lake Center Christian School sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within OH. Charities of a similar size with the same main cause include Association for Career and Techinical Education Inc ($9.3m), Robert Benjamin Wiley Community Charter School ($9.3m) and Epic Academy ($9.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 67% of the total. Other salaries and wages came to $4.3m. At year end it held assets of $13.7m against liabilities of $595k, net assets of $13.1m. It reported 241 employees.