Lake Cities Education Foundation Inc

Analysis

Lake Cities Education Foundation Inc is a registered charity in United States, based in Lake Dallas, TX. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lake Cities Education Foundation Inc reported income of $273k and spending of $157k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $180k to $273k (+51%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 46%. Over the whole period it spent 52% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lake Cities Education Foundation Inc 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 60th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Peace Lutheran School Association Inc ($273k), The Jill Fox Memorial Fund Inc ($273k) and Infinite Insight Inc ($273k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% of the total. Other salaries and wages came to $14k. At year end it held assets of $2.5m against liabilities of $1,501, net assets of $2.5m.