Overlake School

Analysis

Overlake School is a registered charity in United States, based in Redmond, WA. It received its IRS tax-exemption ruling in June 1966, 60 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 2023, Overlake School reported income of $31.6m and spending of $27.5m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $25.9m to $31.6m (+22%), an average of +5.1% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Overlake School sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within WA. Charities of a similar size with the same main cause include Kimball Union Academy ($31.6m), Hebrew Academy for Special Children Inc ($31.6m) and Summit Academy Incorporated ($31.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $874k (3.2% of expenses). Other salaries and wages came to $12.2m. At year end it held assets of $106.0m against liabilities of $26.2m, net assets of $79.9m. It reported 255 employees.