Lake Country Classical Academy Inc

Analysis

Lake Country Classical Academy Inc is a registered charity in United States, based in Oconomowoc, WI. It received its IRS tax-exemption ruling in September 2019, 7 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, Lake Country Classical Academy Inc reported income of $6.1m and spending of $5.4m, spending 89% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $270k to $6.1m (+2162%), an average of +376% a year. The sharpest change came in the year to June 2022, when income rose by 1971%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lake Country Classical Academy Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within WI. Charities of a similar size with the same main cause include Oakwood Services International ($6.1m), Enterprise Charter School ($6.1m) and Buddhist Tzu Chi Education Foundation ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $134k (2.5% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $3.6m against liabilities of $1.9m, net assets of $1.7m. It reported 87 employees.