Lakeview College of Nursing

Analysis

Lakeview College of Nursing is a registered charity in United States, based in Danville, IL. It received its IRS tax-exemption ruling in July 1960, 66 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lakeview College of Nursing reported income of $2.9m and spending of $3.1m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.4m to $2.9m (-13%), an average of -3.4% a year. The sharpest change came in the year to December 2022, when income dropped by 26%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lakeview College of Nursing sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within IL. Charities of a similar size with the same main cause include Casa Latina ($2.9m), Benedict Day School ($2.9m) and Danville Area Community College Foundation Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.2% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $170k (5.6% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $24.7m against liabilities of $263k, net assets of $24.4m. It reported 36 employees.