Lake Ridge Academy
EIN: 346519833 · N Ridgeville, OH · NTEE: B24Z
| Metric | Value |
|---|---|
| Total Revenue | $9.6M |
| Total Expenses | $11.6M |
| Net Assets | $707K |
Is Lake Ridge Academy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lake Ridge Academy
Lake Ridge Academy (EIN: 346519833) is a nonprofit organization based in N Ridgeville, OH, classified under NTEE code B24Z. The organization reported total revenue of $9.6M and total assets of $11.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake Ridge Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lake Ridge Academy is a mid-size nonprofit that has been operating for 61 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 0.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.5M |
| Total Expenses | $11.6M |
| Surplus / Deficit | $-2,175,254 |
| Total Assets | $11.2M |
| Total Liabilities | $10.5M |
| Net Assets | $707K |
| Operating Margin | -23.0% |
| Debt-to-Asset Ratio | 93.7% |
| Months of Reserves | 11.5 months |
Financial Health Grade: C
In 2024, Lake Ridge Academy reported a deficit of $2.2M with expenses exceeding revenue, holds 11.5 months of operating reserves (strong position), has a debt-to-asset ratio of 93.7% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Lake Ridge Academy's revenue has grown at a compound annual growth rate (CAGR) of 0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -27.6% | -17.5% | -11.5% |
| 2023 | -11.1% | -1.7% | -9.4% |
| 2022 | +1.9% | +3.8% | -0.7% |
| 2021 | +11.5% | +1.6% | -4.2% |
| 2020 | -0.8% | +1.1% | +3.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1965 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lake Ridge Academy has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lake Ridge Academy with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 93.7%.
Frequently Asked Questions about Lake Ridge Academy
Is Lake Ridge Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Lake Ridge Academy (EIN: 346519833) insufficient data. 0 red flags identified, 0 strengths noted.
How does Lake Ridge Academy spend its money?
Detailed spending breakdown data is not yet available for Lake Ridge Academy. Check back for updated IRS 990 analysis.
Are donations to Lake Ridge Academy tax-deductible?
Lake Ridge Academy is registered as a tax-exempt nonprofit (EIN: 346519833). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lake Ridge Academy located?
Lake Ridge Academy is headquartered in N Ridgeville, Ohio and files with the IRS under EIN 346519833. It is classified under NTEE code B24Z.
How many years of IRS 990 filings does Lake Ridge Academy have?
Lake Ridge Academy has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $9.6M in total revenue.
Filing History
IRS 990 filing history for Lake Ridge Academy showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Lake Ridge Academy's revenue has grown by 3.3%, moving from $9.1M to $9.5M. Total assets decreased by 2% over the same period, from $11.4M to $11.2M. Total functional expenses rose by 26.3%, from $9.2M to $11.6M. In its most recent filing year (2024), Lake Ridge Academy reported a deficit of $2.2M, with expenses exceeding revenue. The organization holds $10.5M in liabilities against $11.2M in assets (debt-to-asset ratio: 93.7%), resulting in net assets of $707K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $9.5M | $11.6M | $11.2M | $10.5M | — | View 990 |
| 2023 | $13.1M | $14.1M | $12.6M | $9.9M | — | — |
| 2022 | $14.7M | $14.3M | $13.9M | $10.4M | — | View 990 |
| 2021 | $14.4M | $13.8M | $14.0M | $10.7M | — | View 990 |
| 2020 | $12.9M | $13.6M | $14.7M | $12.6M | — | — |
| 2019 | $13.0M | $13.5M | $14.2M | $11.0M | — | View 990 |
| 2018 | $12.7M | $12.7M | $14.0M | $10.1M | — | View 990 |
| 2017 | $12.3M | $12.4M | $14.0M | $10.2M | — | View 990 |
| 2016 | $12.6M | $11.9M | $13.7M | $10.0M | — | View 990 |
| 2015 | $12.7M | $11.6M | $12.3M | $9.2M | — | View 990 |
| 2014 | $10.8M | $10.8M | $11.4M | $9.2M | — | View 990 |
| 2013 | $10.5M | $10.5M | $11.3M | $9.1M | — | View 990 |
| 2012 | $9.7M | $9.6M | $11.3M | $9.1M | — | View 990 |
| 2011 | $9.1M | $9.2M | $11.4M | $9.4M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $9.5M, expenses of $11.6M, and assets of $11.2M (revenue -27.6% year-over-year).
- 2023: Revenue of $13.1M, expenses of $14.1M, and assets of $12.6M (revenue -11.1% year-over-year).
- 2022: Revenue of $14.7M, expenses of $14.3M, and assets of $13.9M (revenue +1.9% year-over-year).
- 2021: Revenue of $14.4M, expenses of $13.8M, and assets of $14.0M (revenue +11.5% year-over-year).
- 2020: Revenue of $12.9M, expenses of $13.6M, and assets of $14.7M (revenue -0.8% year-over-year).
- 2019: Revenue of $13.0M, expenses of $13.5M, and assets of $14.2M (revenue +2.9% year-over-year).
- 2018: Revenue of $12.7M, expenses of $12.7M, and assets of $14.0M (revenue +2.6% year-over-year).
- 2017: Revenue of $12.3M, expenses of $12.4M, and assets of $14.0M (revenue -1.6% year-over-year).
- 2016: Revenue of $12.6M, expenses of $11.9M, and assets of $13.7M (revenue -0.8% year-over-year).
- 2015: Revenue of $12.7M, expenses of $11.6M, and assets of $12.3M (revenue +17.1% year-over-year).
- 2014: Revenue of $10.8M, expenses of $10.8M, and assets of $11.4M (revenue +2.4% year-over-year).
- 2013: Revenue of $10.5M, expenses of $10.5M, and assets of $11.3M (revenue +9.1% year-over-year).
- 2012: Revenue of $9.7M, expenses of $9.6M, and assets of $11.3M (revenue +5.6% year-over-year).
- 2011: Revenue of $9.1M, expenses of $9.2M, and assets of $11.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lake Ridge Academy:
Data Sources and Methodology
This transparency report for Lake Ridge Academy is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.