Academy at the Lakes Inc

Analysis

Academy at the Lakes Inc is a registered charity in United States, based in Land O Lakes, FL. It received its IRS tax-exemption ruling in March 2001, 25 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 May 2023, Academy at the Lakes Inc reported income of $10.4m and spending of $10.2m, spending 98% of its income. Across the 5 years on record, from June 2019 to May 2023, income grew from $8.9m to $10.4m (+17%), an average of +4.0% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Academy at the Lakes Inc sits at the 93rd percentile: it is larger than about 93% 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 Community Leadership Academy Inc ($10.4m), Dr Lena Edwards Charter School ($10.4m) and Edreports Org Inc ($10.4m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 3.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $536k (5.3% of expenses). Other salaries and wages came to $5.6m. At year end it held assets of $11.8m against liabilities of $7.0m, net assets of $4.8m. It reported 144 employees.