Lakeview Christian Academy Inc

Analysis

Lakeview Christian Academy Inc is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in March 1993, 33 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 July 2023, Lakeview Christian Academy Inc reported income of $2.2m and spending of $2.3m, spending 102% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.7m to $2.2m (+28%), an average of +6.3% a year. The sharpest change came in the year to July 2021, when income rose by 20%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lakeview Christian Academy Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MN. Charities of a similar size with the same main cause include New River Valley Habitat for Humanity Inc ($2.2m), Habitat for Humanity International Inc ($2.2m) and Mississippi Christian Family Services ($2.2m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 16% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $116k (5.1% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $616k against liabilities of $553k, net assets of $63k. It reported 80 employees.