Ilead Lancaster

Analysis

Ilead Lancaster is a registered charity in United States, based in Lancaster, CA. It received its IRS tax-exemption ruling in June 2014, 12 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, Ilead Lancaster reported income of $12.1m and spending of $11.6m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.1m to $12.1m (+49%), an average of +11% a year. The sharpest change came in the year to June 2020, when income rose by 18%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ilead Lancaster sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Faculty Student Association State University College at Fredonia Inc ($12.1m), International Charter School of Atlanta Inc ($12.1m) and Betty Shabazz International Charter School ($12.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $137k (1.2% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $24.2m against liabilities of $18.0m, net assets of $6.1m. It reported 148 employees.