Crosslake Community School Inc

Analysis

Crosslake Community School Inc is a registered charity in United States, based in Crosslake, MN. It received its IRS tax-exemption ruling in August 2002, 24 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, Crosslake Community School Inc reported income of $6.2m and spending of $5.9m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.5m to $6.2m (+79%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Crosslake Community School Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include Las Vegas Plumbers and Pipefitters Local Union 525 Apprentice and Tra ($6.2m), Center for Progressive Learning Inc ($6.2m) and Front Range Christian Ministries ($6.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $454k (7.7% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $10.2m against liabilities of $10.8m, net assets of -$639k. It reported 96 employees.