Lote Tree Academy Co-Op Inc

Analysis

Lote Tree Academy Co-Op Inc is a registered charity in United States, based in Newberry, FL. It received its IRS tax-exemption ruling in March 2022, 4 years ago. 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, Lote Tree Academy Co-Op Inc reported income of $203k and spending of $128k, leaving 37% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $84k to $203k (+143%), an average of +34% a year. The sharpest change came in the year to December 2022, when income rose by 91%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lote Tree Academy Co-Op Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within FL. Charities of a similar size with the same main cause include Oak Hills Band Association Incorporated ($203k), Spina Bifida Association of North Texas ($203k) and International Society for the Protection of Mustangs & Burros ($203k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $128k. At year end it held assets of $80k against liabilities of $0, net assets of $80k.