Lakeshore Intergenerational School

Analysis

Lakeshore Intergenerational School is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in October 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, Lakeshore Intergenerational School reported income of $3.1m and spending of $2.7m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $3.1m (+23%), an average of +5.4% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lakeshore Intergenerational School sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include Migdal Ohr International Inc ($3.1m), Delaware Technical & Community College Educational Foundation 866 ($3.1m) and Blackwell Consolidated Education Foundation Inc ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $484k (18% of expenses). Other salaries and wages came to $680k. At year end it held assets of $3.9m against liabilities of $4.3m, net assets of -$450k. It reported 50 employees.