Lake Tahoe School

Analysis

Lake Tahoe School is a registered charity in United States, based in Incline VLG, NV. It received its IRS tax-exemption ruling in August 1997, 29 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 2024, Lake Tahoe School reported income of $7.5m and spending of $8.0m, spending 105% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $8.3m to $7.5m (-9.5%), an average of -2.0% a year. The sharpest change came in the year to June 2022, when income rose by 226%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lake Tahoe School sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NV. Charities of a similar size with the same main cause include Icahn Charter School 6 ($7.5m), Unity Classical Charter School ($7.6m) and Morehead Scholarship Foundation ($7.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 27% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $393k (4.9% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $28.3m against liabilities of $1.0m, net assets of $27.3m. It reported 63 employees.