Lakes Area Kids Enrichment Foundation

Analysis

Lakes Area Kids Enrichment Foundation is a registered charity in United States, based in Crosslake, MN. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Lakes Area Kids Enrichment Foundation reported income of $718k and spending of $481k, leaving 33% of income unspent that year. Across the 4 years on record, from June 2019 to June 2023, income grew from $231k to $718k (+211%), an average of +46% a year. The sharpest change came in the year to June 2020, when income rose by 103%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lakes Area Kids Enrichment Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MN. Charities of a similar size with the same main cause include Life Center of Elkhart County Inc ($718k), Einstein Montessori Academy Inc ($718k) and Tenley Study Center Inc ($718k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.4% and program service revenue 99% of the total. At year end it held assets of $7.6m against liabilities of $5.6m, net assets of $2.1m.