Lafontaine Preparatory School II Inc

Analysis

Lafontaine Preparatory School II Inc is a registered charity in United States, based in Richmond, KY. It received its IRS tax-exemption ruling in October 2020, 6 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, Lafontaine Preparatory School II Inc reported income of $1.7m and spending of $1.5m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $339k to $1.7m (+390%), an average of +49% a year. The sharpest change came in the year to December 2020, when income rose by 171%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lafontaine Preparatory School II Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within KY. Charities of a similar size with the same main cause include Stone Valley Community Charter School Inc ($1.7m), Wildflower New York Charter School ($1.7m) and Lyford Cay School Foundation ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $20k (1.3% of expenses). Other salaries and wages came to $915k. At year end it held assets of $566k against liabilities of $27k, net assets of $539k. It reported 79 employees.