Lopez Island Academy

Analysis

Lopez Island Academy is a registered charity in United States, based in Lopez Island, WA. It received its IRS tax-exemption ruling in August 2015, 11 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 2024, Lopez Island Academy reported income of $88k and spending of $104k, spending 118% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $84k to $88k (+4.9%), an average of +4.9% a year. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lopez Island Academy sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 29th percentile within WA. Charities of a similar size with the same main cause include Dayton Christian Athletic Boosters Inc ($88k), Northeast Kansas Homeschool Activities Inc ($88k) and Blanchard Diamond Club Inc ($88k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 59% of the total. At year end it held assets of $6,144 against liabilities of $0, net assets of $6,144.