Lake Area Educational Broadcasting Foundation

Analysis

Lake Area Educational Broadcasting Foundation is a registered charity in United States, based in Camdenton, MO. It received its IRS tax-exemption ruling in March 1985, 41 years ago. 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 December 2023, Lake Area Educational Broadcasting Foundation reported income of $80k and spending of $836k, spending 1049% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $990k to $80k (-92%), an average of -47% a year. The sharpest change came in the year to December 2023, when income dropped by 93%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Area Educational Broadcasting Foundation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 28th percentile within MO. Charities of a similar size with the same main cause include PTA Delaware Congress ($80k), Little League Baseball Inc ($80k) and Grace Chapel Inc ($80k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 650% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $123k (15% of expenses). Other salaries and wages came to $112k. At year end it held assets of $2.6m against liabilities of $1,292, net assets of $2.6m. It reported 10 employees.