Lad Lake Inc

Analysis

Lad Lake Inc is a registered charity in United States, based in Dousman, WI. It received its IRS tax-exemption ruling in July 1942, 84 years ago. 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 December 2023, Lad Lake Inc reported income of $14.2m and spending of $16.1m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.5m to $14.2m (+5.4%), an average of +1.3% a year. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lad Lake Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within WI. Charities of a similar size with the same main cause include West Virginia State University Research and Development Corp ($14.2m), Community Action Agency of New Haven Inc ($14.2m) and Iowa PBS Foundation ($14.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $247k (1.5% of expenses). Other salaries and wages came to $10.3m. At year end it held assets of $15.7m against liabilities of $4.9m, net assets of $10.7m. It reported 390 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.