Lake Highland Preparatory School Inc

Analysis

Lake Highland Preparatory School Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in November 1963, 63 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, Lake Highland Preparatory School Inc reported income of $62.1m and spending of $56.0m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $43.3m to $62.1m (+43%), an average of +9.4% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lake Highland Preparatory School Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Georgia Connections Academy Charter School Inc ($62.0m), Claremont Investment Fund ($62.1m) and Mitchell Hamline School of Law ($62.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.3% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $1.7m (3.0% of expenses). Other salaries and wages came to $23.2m. At year end it held assets of $144.6m against liabilities of $102.0m, net assets of $42.6m. It reported 599 employees.