University Lake School Inc

Analysis

University Lake School Inc is a registered charity in United States, based in Hartland, WI. It received its IRS tax-exemption ruling in November 1956, 70 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, University Lake School Inc reported income of $7.5m and spending of $7.7m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.2m to $7.5m (+5.1%), an average of +1.3% a year. 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, University Lake School Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within WI. Charities of a similar size with the same main cause include Local Progress Policy Institute ($7.5m), Morehead Scholarship Foundation ($7.5m) and Northern Kentucky University Foundation Inc ($7.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $375k (4.9% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $11.9m against liabilities of $2.0m, net assets of $9.9m. It reported 90 employees.