Leelanau School for Education

Analysis

Leelanau School for Education is a registered charity in United States, based in Glen Arbor, MI. It received its IRS tax-exemption ruling in March 1950, 76 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, Leelanau School for Education reported income of $3.5m and spending of $3.6m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $3.5m (+31%), an average of +7.1% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Leelanau School for Education sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within MI. Charities of a similar size with the same main cause include Lakes and Bridges Charter School ($3.5m), Community Christian Schools ($3.5m) and Telluride Mountain School Inc ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $304k (8.3% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $4.2m against liabilities of $1.9m, net assets of $2.3m. It reported 51 employees.