Lake Country School Montessori Learning Environments

Analysis

Lake Country School Montessori Learning Environments is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in August 1976, 50 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 June 2023, Lake Country School Montessori Learning Environments reported income of $6.1m and spending of $6.4m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.3m to $6.1m (+14%), an average of +3.3% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Country School Montessori Learning Environments sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MN. Charities of a similar size with the same main cause include Young Mens Christian Association of New Orleans Metropolitan ($6.1m), Lacoba Homes Inc ($6.1m) and Windsor Prep Inc ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.1% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $162k (2.6% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $15.9m against liabilities of $4.1m, net assets of $11.8m. It reported 93 employees.