Lake Wales Charter Schools
Lake Wales Charter Schools reported $57.0 million in revenue and $55.5 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $81.91 went to program services, $18.09 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 78.4% of the total. Government grants made up 20.2%. The highest compensation it reported for one person was $216,682 (ASSISTANT SUPERINTENDENT). 11 people received more than $100,000 in reportable compensation. Revenue rose 39% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $55MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $57MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 81.9% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 18.1% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 20.9% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 20.2% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 78.4% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $216,682 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.39% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 11 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 2.5 | 13.3 |
| Independent voting board members Part VI 1a–1b | 7 of 7 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseThe curriculum will include a choice of career paths and other educational opportunities that benefit from partnerships with local businesses providing support and mentoring. The schools served an average of 4,981 students during the fiscal year ended june 30, 2025
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| ASSISTANT SUPERINTENDENT Director/trustee, officer, 40.00 hrs/week | $169,521 | $47,161 | $0 | $216,682 |
| PRINCIPAL Officer, 40.00 hrs/week | $152,928 | $43,267 | $0 | $196,195 |
| FORMER SUPERINTENDENT Former, 40.00 hrs/week | $140,524 | $35,213 | $0 | $175,737 |
| DIRECTOR Highest compensated employee, 40.00 hrs/week | $116,437 | $45,419 | $0 | $161,856 |
| PRINCIPAL Officer, 40.00 hrs/week | $117,402 | $36,132 | $0 | $153,534 |
| PRINCIPAL Officer, 40.00 hrs/week | $109,308 | $34,058 | $0 | $143,366 |
| PRINCIPAL Highest compensated employee, 40.00 hrs/week | $107,401 | $34,121 | $0 | $141,522 |
| PRINCIPAL Officer, 40.00 hrs/week | $107,240 | $33,870 | $0 | $141,110 |
11 people received more than $100,000 in reportable compensation from Lake Wales Charter Schools (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.3M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b7 · 7 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13No
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5737
- Volunteers Part I, line 6760
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| FLORIDA DIVISION OF RETIREMENT Retirement | $4,481,529 |
| SLA MANAGEMENT Food/lunch | $3,186,160 |
| SEMCO CONSTRUCTION INC Construction | $2,914,089 |
| SUNTRUST BANKCARD Credit card | $953,575 |
| CLEANING MGMT SOLUTIONS Cleaning | $539,347 |
Individuals listed as contractors are left out. 32 contractors were paid more than $100,000 in all.
Private foundation grants it received
1 private foundation reported grants to Lake Wales Charter Schools totaling $250 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Lake Wales Charter Schools's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Lake Wales Charter Schools, you can publish a response that is linked from this page.
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Of every $100 Lake Wales Charter Schools spent in FY2025, $81.91 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- UatxAustin, TX · revenue $57M · programs 66.6% · FY2025
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- Trustees of Thayer AcademyBraintree, MA · revenue $57M · programs 83.1% · FY2025
- IsanaLos Angeles, CA · revenue $57M · programs 69.9% · FY2025
- KIPP Chicago SchoolsChicago, IL · revenue $57M · programs 90.0% · FY2025
Questions people ask
How much of Lake Wales Charter Schools's spending goes to programs?
In the fiscal year ending June 30, 2025, Lake Wales Charter Schools reported that 81.9% of its $55.5 million in expenses went to program services, 18.1% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Lake Wales Charter Schools pay its top executive?
The largest total compensation Lake Wales Charter Schools reported for one person in the fiscal year ending June 30, 2025 was $216,682, for the role of ASSISTANT SUPERINTENDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Lake Wales Charter Schools get its money?
Of $57.0 million in revenue in the fiscal year ending June 30, 2025, 20.9% came from contributions and grants (including 20.2% from government grants) and 78.4% from program service revenue (Form 990, Part VIII).
Is Lake Wales Charter Schools a registered charity?
The IRS lists EIN 06-1667879 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202601359349310010 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202542379349301034 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431559349300518 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321509349300787 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231369349314738 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111349349302186 · read the filing
All filings for EIN 06-1667879: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.