Lakehill Preparatory School

Analysis

Lakehill Preparatory School is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in December 1971, 55 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 July 2023, Lakehill Preparatory School reported income of $10.5m and spending of $10.4m, spending 99% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $7.7m to $10.5m (+35%), an average of +7.9% a year. The sharpest change came in the year to July 2021, when income rose by 16%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lakehill Preparatory School sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Edison Bethune Charter Academy ($10.5m), Seacrest School Inc ($10.5m) and North Carolina Leadership Charter Academy Incorporated ($10.5m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 17% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $746k (7.2% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $22.5m against liabilities of $10.8m, net assets of $11.7m. It reported 121 employees.