Lake Stevens Education Foundation

Analysis

Lake Stevens Education Foundation is a registered charity in United States, based in Lake Stevens, WA. It received its IRS tax-exemption ruling in June 1994, 32 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lake Stevens Education Foundation reported income of $121k and spending of $125k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $97k to $121k (+25%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lake Stevens Education Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 38th percentile within WA. Charities of a similar size with the same main cause include Land of My Grandfathers Inc ($121k), The Andalusia Kiwanis Club Foundation Inc ($121k) and Traveling Stories ($121k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $343k against liabilities of $0, net assets of $343k.