Lakeside School

Analysis

Lakeside School is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in January 1952, 74 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, Lakeside School reported income of $77.0m and spending of $58.7m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $55.4m to $77.0m (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lakeside School sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within WA. Charities of a similar size with the same main cause include Brunswick School Inc ($77.0m), Trinity Episcopal Schools Corporation ($77.1m) and Asu Preparatory Academy ($76.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 25% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $2.4m (4.1% of expenses). Other salaries and wages came to $25.2m. At year end it held assets of $496.8m against liabilities of $41.8m, net assets of $455.1m. It reported 545 employees.