Lago Vista Academy

Analysis

Lago Vista Academy is a registered charity in United States, based in Lago Vista, TX. It received its IRS tax-exemption ruling in June 1999, 27 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 December 2022, Lago Vista Academy reported income of $369k and spending of $256k, leaving 30% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $397k to $369k (-7.1%), an average of -2.4% a year. The sharpest change came in the year to December 2021, when income rose by 405%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lago Vista Academy 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 65th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Parent Booster USA Inc ($369k), Washington Park Early Learning Center ($369k) and Bethany Christian Mission Center Inc ($369k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $63k (25% of expenses). Other salaries and wages came to $112k. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 14 employees.