Lake Worth Christian School Society Inc

Analysis

Lake Worth Christian School Society Inc is a registered charity in United States, based in Boynton Beach, FL. It received its IRS tax-exemption ruling in December 1975, 51 years ago. 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 May 2023, Lake Worth Christian School Society Inc reported income of $7.6m and spending of $7.4m, spending 97% of its income. The sharpest change came in the year to May 2022, when income rose by 20%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Worth Christian School Society 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 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Allen Community Outreach ($7.6m), Georgia Tech Alumni Association Inc ($7.6m) and Mailbox Club Inc ($7.6m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 1.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $140k (1.9% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $6.8m against liabilities of $1.8m, net assets of $4.9m. It reported 176 employees.