Lotts Creek Community School

Analysis

Lotts Creek Community School is a registered charity in United States, based in Hazard, KY. It received its IRS tax-exemption ruling in October 1950, 76 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, Lotts Creek Community School reported income of $376k and spending of $352k, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $376k (-66%), an average of -24% a year. The sharpest change came in the year to June 2023, when income rose by 135%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lotts Creek Community School sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within KY. Charities of a similar size with the same main cause include Clifton Springs Library ($376k), Charles Louis Davis DVM Foundation for Advancement of Vet Pathology ($376k) and Judaism Alive ($376k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $29k (8.3% of expenses). Other salaries and wages came to $11k. At year end it held assets of $6.2m against liabilities of $164k, net assets of $6.0m. It reported 3 employees.