Lakeside Christian Academy Inc
Lakeside Christian Academy Inc shows consistent revenue and asset growth with no reported officer compensation.
EIN: 202918958 · Morehead, KY · NTEE: B20 · Updated: 2026-03-28
Is Lakeside Christian Academy Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lakeside Christian Academy Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lakeside Christian Academy Inc
Lakeside Christian Academy Inc (EIN: 202918958) is a nonprofit organization based in Morehead, KY, classified under NTEE code B20. The organization reported total revenue of $1.7M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lakeside Christian Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lakeside Christian Academy Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Lakeside Christian Academy Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an entity with annual revenues exceeding $1.5 million. This suggests either a fully volunteer-led executive team or that compensation is being reported under different expense categories, warranting further scrutiny.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Lakeside Christian Academy Inc's IRS 990 filings:
- Consistent reporting of 0% officer compensation, which is highly unusual for an organization of this size and revenue, potentially indicating incomplete disclosure.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary makes a precise efficiency assessment difficult.
Strengths
The following positive indicators were identified for Lakeside Christian Academy Inc:
- Consistent and significant revenue growth over the past decade, from $770,830 in 2015 to $1,521,139 in 2024.
- Steady increase in assets, indicating financial stability and growth, from $1,381,227 in 2015 to $2,406,997 in 2024.
- Regularly operates with a surplus, with revenues generally exceeding expenses (e.g., $1,521,139 revenue vs. $1,424,601 expenses in 2024).
- Consistent filing of IRS Form 990s over 14 periods, demonstrating a commitment to regulatory compliance.
Frequently Asked Questions about Lakeside Christian Academy Inc
Is Lakeside Christian Academy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lakeside Christian Academy Inc (EIN: 202918958) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Lakeside Christian Academy Inc spend its money?
Lakeside Christian Academy Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lakeside Christian Academy Inc tax-deductible?
Lakeside Christian Academy Inc is registered as a tax-exempt nonprofit (EIN: 202918958). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Lakeside Christian Academy Inc a good charity?
Based on consistent revenue growth, increasing assets, and operating with a surplus, the organization appears financially stable. However, the lack of reported officer compensation raises questions about transparency in leadership remuneration, which is a critical factor in assessing overall 'goodness'.
How does Lakeside Christian Academy Inc fund its operations?
The organization primarily funds its operations through consistent revenue generation, which has grown from $770,830 in 2015 to $1,521,139 in 2024, indicating a strong and growing base of support, likely from tuition and related educational services given its NTEE code.
What is the trend in Lakeside Christian Academy Inc's financial health?
Lakeside Christian Academy Inc demonstrates a positive financial trend, with both revenue and assets showing consistent year-over-year growth. For example, revenue increased from $1,279,351 in 2023 to $1,521,139 in 2024, and assets grew from $2,433,412 to $2,406,997 (slight dip in 2024, but overall upward trend from $1.3M in 2015).
Are there any concerns about executive compensation at Lakeside Christian Academy Inc?
Yes, a significant concern is the consistent reporting of 0% for officer compensation across all 14 filings. This is highly unusual for an organization of this scale and suggests a potential lack of transparency regarding how its leadership is compensated, or if it is entirely volunteer-run.
Filing History
IRS 990 filing history for Lakeside Christian Academy Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Lakeside Christian Academy Inc's revenue has grown by 128.8%, moving from $665K to $1.5M. Total assets increased by 61.3% over the same period, from $1.5M to $2.4M. Total functional expenses rose by 140%, from $594K to $1.4M. In its most recent filing year (2024), Lakeside Christian Academy Inc reported a surplus of $97K, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $2.4M in assets (debt-to-asset ratio: 48.5%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $1.5M | $1.4M | $2.4M | $1.2M | — | View 990 |
| 2023 | $1.3M | $1.2M | $2.4M | $1.3M | — | View 990 |
| 2022 | $1.2M | $1.1M | $2.3M | $1.3M | — | View 990 |
| 2021 | $1.2M | $1.0M | $2.3M | $1.4M | — | — |
| 2020 | $1.2M | $1.2M | $2.2M | $1.4M | — | View 990 |
| 2019 | $1.0M | $1.1M | $2.1M | $1.4M | — | View 990 |
| 2018 | $890K | $851K | $1.9M | $1.1M | — | View 990 |
| 2017 | $844K | $788K | $1.4M | $733K | — | View 990 |
| 2016 | $873K | $800K | $1.4M | $782K | — | View 990 |
| 2015 | $771K | $721K | $1.4M | $813K | — | View 990 |
| 2014 | $887K | $835K | $1.4M | $874K | — | View 990 |
| 2013 | $753K | $724K | $1.4M | $921K | — | View 990 |
| 2012 | $693K | $743K | $1.5M | $947K | — | View 990 |
| 2011 | $665K | $594K | $1.5M | $901K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.5M, expenses of $1.4M, and assets of $2.4M (revenue +18.9% year-over-year).
- 2023: Revenue of $1.3M, expenses of $1.2M, and assets of $2.4M (revenue +7.5% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.1M, and assets of $2.3M (revenue -0.4% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.0M, and assets of $2.3M (revenue -3.6% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.2M, and assets of $2.2M (revenue +22.0% year-over-year).
- 2019: Revenue of $1.0M, expenses of $1.1M, and assets of $2.1M (revenue +14.2% year-over-year).
- 2018: Revenue of $890K, expenses of $851K, and assets of $1.9M (revenue +5.4% year-over-year).
- 2017: Revenue of $844K, expenses of $788K, and assets of $1.4M (revenue -3.3% year-over-year).
- 2016: Revenue of $873K, expenses of $800K, and assets of $1.4M (revenue +13.2% year-over-year).
- 2015: Revenue of $771K, expenses of $721K, and assets of $1.4M (revenue -13.1% year-over-year).
- 2014: Revenue of $887K, expenses of $835K, and assets of $1.4M (revenue +17.9% year-over-year).
- 2013: Revenue of $753K, expenses of $724K, and assets of $1.4M (revenue +8.6% year-over-year).
- 2012: Revenue of $693K, expenses of $743K, and assets of $1.5M (revenue +4.3% year-over-year).
- 2011: Revenue of $665K, expenses of $594K, and assets of $1.5M.
Data Sources and Methodology
This transparency report for Lakeside Christian Academy Inc 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.