Lakefarm Learning

Analysis

Lakefarm Learning is a registered charity in United States, based in Penngrove, CA. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 June 2024, Lakefarm Learning reported income of $383k and spending of $512k, spending 134% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $399k to $383k (-4.2%), an average of -4.2% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lakefarm Learning sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($383k), Token III Club Inc 4014 Dutchmans LN ($383k) and Marshall Amateur Hockey Association ($383k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% and program service revenue 7.8% of the total. At year end it held assets of $172k against liabilities of $132k, net assets of $40k.