Lake Geauga Educational Assistance Foundation

Analysis

Lake Geauga Educational Assistance Foundation is a registered charity in United States, based in Kirtland, OH. It received its IRS tax-exemption ruling in June 1990, 36 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 June 2023, Lake Geauga Educational Assistance Foundation reported income of $480k and spending of $432k, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $257k to $480k (+87%), an average of +17% a year. The sharpest change came in the year to June 2020, when income rose by 59%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lake Geauga Educational Assistance Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within OH. Charities of a similar size with the same main cause include Voices of Pacific Island Nations Vpin ($480k), Smart Family Literacy Inc ($480k) and Eei Support Corporation ($480k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $84k (20% of expenses). Other salaries and wages came to $173k. At year end it held assets of $366k against liabilities of $52k, net assets of $314k. It reported 14 employees.