Lake and Park School

Analysis

Lake and Park School is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in March 2005, 21 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, Lake and Park School reported income of $1.6m and spending of $1.5m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.6m (+15%), an average of +3.6% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lake and Park School sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within WA. Charities of a similar size with the same main cause include Free Public Library of Highland Park ($1.6m), Action4equity ($1.6m) and Community Library Association ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.8% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $368k (25% of expenses). Other salaries and wages came to $520k. At year end it held assets of $1.4m against liabilities of $283k, net assets of $1.1m. It reported 15 employees.