Latona School Associates

Analysis

Latona School Associates is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Latona School Associates reported income of $955k and spending of $931k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $839k to $955k (+14%), an average of +3.3% a year. The sharpest change came in the year to June 2021, when income rose by 47%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Latona School Associates sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within WA. Charities of a similar size with the same main cause include Wilson University Inc ($954k), Neighborhood Homework House ($955k) and Lake Anne Nursery Kindergarten Inc ($954k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $97k (10% of expenses). At year end it held assets of $620k against liabilities of $8,926, net assets of $611k. It reported 32 employees.