Lakeland Area Scholarship Fund Inc

Analysis

Lakeland Area Scholarship Fund Inc is a registered charity in United States, based in Minocqua, WI. It received its IRS tax-exemption ruling in March 2016, 10 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 December 2023, Lakeland Area Scholarship Fund Inc reported income of $92k and spending of $127k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $412k to $92k (-78%), an average of -31% a year. The sharpest change came in the year to December 2020, when income dropped by 76%. Over the whole period it spent 113% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lakeland Area Scholarship Fund Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within WI. Charities of a similar size with the same main cause include Harlem High School Fans Club Inc ($92k), Bonneville Chapter of the Intl Conf of Building Officials ($92k) and Ahs Football Booster Club ($92k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% of the total. At year end it held assets of $1.8m against liabilities of $31k, net assets of $1.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.