Lake City Education Foundation

Analysis

Lake City Education Foundation is a registered charity in United States, based in Lake City, MN. It received its IRS tax-exemption ruling in December 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Lake City Education Foundation reported income of $136k and spending of $54k, leaving 60% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $208k to $136k (-35%), an average of -10% a year. The sharpest change came in the year to June 2022, when income rose by 446%. Over the whole period it spent 50% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lake City Education Foundation sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 42nd percentile within MN. Charities of a similar size with the same main cause include Leadership Burbank a Non-Profit Public Benefit California Corporat ($136k), Technology Awareness Group of Baltimore Inc ($136k) and Greenwood Womens Center ($136k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 42% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.