Lakes and Bridges Charter School

Analysis

Lakes and Bridges Charter School is a registered charity in United States, based in Easley, SC. It received its IRS tax-exemption ruling in April 2018, 8 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, Lakes and Bridges Charter School reported income of $3.5m and spending of $3.0m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $3.5m (+76%), an average of +15% a year. The sharpest change came in the year to June 2020, when income rose by 41%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lakes and Bridges Charter School sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within SC. Charities of a similar size with the same main cause include Telluride Mountain School Inc ($3.5m), Leelanau School for Education ($3.5m) and Somerset Academy Foundation Inc ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 7.9% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $4.2m against liabilities of $525k, net assets of $3.6m. It reported 56 employees.