Loneman School Corporation

Analysis

Loneman School Corporation is a registered charity in United States, based in Oglala, SD. It received its IRS tax-exemption ruling in December 1978, 48 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, Loneman School Corporation reported income of $6.5m and spending of $6.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.0m to $6.5m (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2021, when income rose by 85%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Loneman School Corporation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within SD. Charities of a similar size with the same main cause include United for Respect Education Fund ($6.5m), Steamboat Springs Education Fund ($6.5m) and Southern Education Foundation Inc ($6.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.0% of the total. Other salaries and wages came to $3.3m. At year end it held assets of $11.6m against liabilities of $286k, net assets of $11.4m. It reported 92 employees.