Round Lake Charter Inc

Analysis

Round Lake Charter Inc is a registered charity in United States, based in Mount Dora, FL. It received its IRS tax-exemption ruling in June 2007, 19 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, Round Lake Charter Inc reported income of $11.4m and spending of $11.3m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.0m to $11.4m (+42%), an average of +9.2% a year. 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, Round Lake Charter Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Fort Schuyler Management Corporation ($11.4m), Kipp Dubois Charter School ($11.4m) and Shonto Governing Board of Education Inc ($11.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $103k (0.9% of expenses). Other salaries and wages came to $6.6m. At year end it held assets of $13.3m against liabilities of $8.6m, net assets of $4.7m.