Lakeland Institute for Learning Org

Analysis

Lakeland Institute for Learning Org is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in August 2015, 11 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 2024, Lakeland Institute for Learning Org reported income of $1.1m and spending of $1.2m, spending 115% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $749k to $1.1m (+43%), an average of +9.3% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lakeland Institute for Learning Org sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Lehigh Valley Association of Independent Colleges ($1.1m), Association for Educational Development-California ($1.1m) and Smiles Day School ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $159k (13% of expenses). Other salaries and wages came to $401k. At year end it held assets of $701k against liabilities of $1.1m, net assets of -$381k. It reported 20 employees.

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.