Lake School Corporation

Analysis

Lake School Corporation is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in March 1981, 45 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, Lake School Corporation reported income of $596k and spending of $593k, spending 100% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $536k to $596k (+11%), an average of +2.1% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lake School Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Louis T Graves Memorial Public Library Association ($596k), Educational Services Corpus Christi Corp ($596k) and Leadership Triangle Inc ($596k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.4% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $95k (16% of expenses). Other salaries and wages came to $309k. At year end it held assets of $929k against liabilities of $52k, net assets of $877k. It reported 16 employees.