Lakeview Academy

Analysis

Lakeview Academy is a registered charity in United States, based in Saratoga SPGS, UT. It received its IRS tax-exemption ruling in February 2008, 18 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, Lakeview Academy reported income of $9.9m and spending of $9.1m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.6m to $9.9m (+30%), an average of +6.8% a year. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lakeview Academy sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within UT. Charities of a similar size with the same main cause include Northern Kane Educational Corp ($9.9m), Gray Collegiate Academy Inc ($9.9m) and Laraway Youth and Family Services ($9.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $190k (2.1% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $17.6m against liabilities of $13.3m, net assets of $4.3m. It reported 216 employees.