Lakou NFP

Analysis

Lakou NFP is a registered charity in United States, based in Park Ridge, IL. It received its IRS tax-exemption ruling in October 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 December 2023, Lakou NFP reported income of $1.0m and spending of $795k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $200k to $1.0m (+415%), an average of +51% a year. The sharpest change came in the year to December 2021, when income rose by 117%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lakou NFP sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within IL. Charities of a similar size with the same main cause include Judson College ($1.0m), Texas Higher Education Foundation ($1.0m) and Goldie B Wolfe Miller Women Leaders in Real Estate Initiative ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $38k (4.7% of expenses). Other salaries and wages came to $103k. It paid $18k in professional fundraising fees. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m. It reported 4 employees.