Lake Pointe Academy Inc

Analysis

Lake Pointe Academy Inc is a registered charity in United States, based in Granbury, TX. It received its IRS tax-exemption ruling in June 2024, 2 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 July 2023, Lake Pointe Academy Inc reported income of $175k and spending of $140k, spending 80% of its income. Across the 3 years on record, from July 2019 to July 2023, income fell from $330k to $175k (-47%), an average of -27% a year. The sharpest change came in the year to July 2023, when income rose by 229%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lake Pointe Academy Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within TX. Charities of a similar size with the same main cause include American Friends of Netivot Horaah ($175k), Clarksburg-Harrison Public Library Foundation ($175k) and Erik Jones Foundation ($175k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. At year end it held assets of $3,305 against liabilities of $39k, net assets of -$36k.