Lake Mills Scholarship Foundation

Analysis

Lake Mills Scholarship Foundation is a registered charity in United States, based in Lake Mills, IA. It received its IRS tax-exemption ruling in May 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lake Mills Scholarship Foundation reported income of $87k and spending of $4,180, leaving 95% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $30k to $87k (+189%), an average of +189% a year. The sharpest change came in the year to December 2023, when income rose by 189%. Over the whole period it spent 41% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lake Mills Scholarship Foundation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within IA. Charities of a similar size with the same main cause include Ramw Education Foundation Inc ($87k), Joe Henderson Elementary School Parent Teacher Group ($88k) and Donald N Parodi Memorial Charitable TR 060190 ($87k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 35% of the total. At year end it held assets of $343k against liabilities of $23k, net assets of $320k.