Vanguard School of Lake Wales Florida Inc

Analysis

Vanguard School of Lake Wales Florida Inc is a registered charity in United States, based in Lake Wales, FL. It received its IRS tax-exemption ruling in October 1983, 43 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, Vanguard School of Lake Wales Florida Inc reported income of $5.3m and spending of $5.4m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.7m to $5.3m (-6.6%), an average of -1.7% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Vanguard School of Lake Wales Florida Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Electronic Information Network ($5.3m), National Council for Community and Education Partnerships ($5.3m) and Clear Global Inc ($5.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $330k (6.1% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $8.6m against liabilities of $865k, net assets of $7.8m. It reported 57 employees.