Recreation & Sports
(N60)
IRS Verified
DX Registered
990 on File
LAKE SIDE ELITE
Financial strength (30%)
97/100
Reliability (20%)
45/100
Effectiveness (25%)
66/100
Impact (25%)
55/100
CharityAI™ Score
Not yet evaluated
Mission Statement
Lake Side Elite, Inc. provides a safe, encouraging environment to teach gymnastics, ninja, dance, and other physical activities to children and to educate and promote the benefits of physical exercise within our community. Our program promotes personal expression, self-confidence, concept of team, discipline, and life skills. There is also a significant level of poverty in our service area that may make participation financially challenging, so Lake Side Elite, Inc. offers need-based scholarships, grants, and a work exchange program to low income participants.
Financial Overview — FY 2024
$316K
Total Revenue
$251K
Total Expenses
$250K
Net Assets
18
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
74.3%
Fundraising Efficiency
0.0%
Operating Reserve
11.97x
Liability-to-Asset
0.0%
Revenue Diversification
58.4%
Executive Compensation
$60K
Compared with Peers
FY 2024
Compared with 9,592 similar organizations
(United States, Recreation & Sports, $100K–$1M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
74.3% | 94.9% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
25.7% | 3.9% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
12.0 mo | 6.4 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 0.0% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
58.4% | 89.1% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
19.1% | 8.2% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
19.3% | 9.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
20.7% | 2.8% |
P10P90
|
Impact
1 program| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| Improved health, fitness, wellness | 300 | $1,000.00 | — | Per Year |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $316K | $251K | $250K | 74.3% | 18 |
| 2023 | $266K | $210K | $185K | 94.1% | 19 |
| 2022 | $216K | $173K | $130K | 92.7% | 18 |
| 2021 | $251K | $166K | N/A | — | 17 |
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