Lakeland University Inc

Analysis

Lakeland University Inc is a registered charity in United States, based in Plymouth, WI. It received its IRS tax-exemption ruling in November 1957, 69 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, Lakeland University Inc reported income of $43.5m and spending of $51.0m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $53.6m to $43.5m (-19%), an average of -5.1% a year. The sharpest change came in the year to June 2023, when income dropped by 17%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lakeland University Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within WI. Charities of a similar size with the same main cause include Montana Technological University Foundation ($43.5m), Ferrum College ($43.5m) and Thales Academy ($43.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $1.1m (2.1% of expenses). Other salaries and wages came to $14.5m. At year end it held assets of $73.8m against liabilities of $49.1m, net assets of $24.7m. It reported 882 employees.