Lakeside School

Analysis

Lakeside School is a registered charity in United States, based in Eufaula, AL. It received its IRS tax-exemption ruling in February 1968, 58 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 September 2023, Lakeside School reported income of $2.2m and spending of $2.0m, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.7m to $2.2m (+31%), an average of +7.0% a year. The sharpest change came in the year to September 2020, when income rose by 19%. 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, Lakeside School sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within AL. Charities of a similar size with the same main cause include Institute for Contemporary Psychotherapy ($2.2m), St Tammany Manor Inc ($2.2m) and Center for Humanistic Change Inc ($2.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $4.9m against liabilities of $338k, net assets of $4.6m. It reported 57 employees.