Lake Area Technical Institute Alumni Association

Analysis

Lake Area Technical Institute Alumni Association is a registered charity in United States, based in Watertown, SD. It received its IRS tax-exemption ruling in September 1988, 38 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Lake Area Technical Institute Alumni Association reported income of $77k and spending of $55k, leaving 29% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income fell from $86k to $77k (-11%), an average of -11% a year. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lake Area Technical Institute Alumni Association sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 24th percentile within SD. Charities of a similar size with the same main cause include Friends of the Poway Library ($77k), Wolverine Foundation Inc ($77k) and Granite County Center Foundation ($77k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 79% of the total. At year end it held assets of $394k against liabilities of $0, net assets of $394k.