Lakes International Language Academy
Forest Lake, Minnesota
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Average
How This Organization Compares
Compared to 73 peers in Education with $10M-$100M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $18,352,789↑4% | $17,654,729↑1% | $12,726,091↓1% | |
| 2022 | $17,574,627↑12% | $17,496,216↑10% | $12,900,821↑6% | — |
| 2021 | $15,744,589↑4% | $15,973,085↑13% | $12,188,611↓5% | — |
| 2020 | $15,192,241↑21% | $14,118,961↑16% | $12,803,742↓1% | — |
| 2019 | $12,569,360↑10% | $12,128,250↑11% | $12,955,108↓4% | — |
| 2018 | $11,467,634↑11% | $10,898,184↑11% | $13,475,430↓1% | — |
| 2017 | $10,306,404↑19% | $9,796,303↑14% | $13,566,429↑247% | — |
| 2016 | $8,685,154↑24% | $8,603,481↑23% | $3,913,124↑3% | — |
| 2015 | $7,008,511↑15% | $7,014,767↑10% | $3,810,103↑44% | — |
| 2014 | $6,101,778↑7% | $6,356,789↑15% | $2,638,959↓10% | — |
| 2013 | $5,722,188↑9% | $5,548,630↑10% | $2,945,445↑7% | — |
| 2012 | $5,251,081↑8% | $5,046,460↑6% | $2,754,974↑6% | — |
| 2011 | $4,877,012 | $4,760,012 | $2,591,285 | — |
Frequently Asked Questions
What does Lakes International Language Academy do?▼
Lakes International Language Academy is a education nonprofit organization based in Minnesota. It is classified under NTEE code B29 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Lakes International Language Academy financially healthy?▼
Based on our 9-metric Financial Health Score model, Lakes International Language Academy has a score of 52/100 (Grade: B-). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Lakes International Language Academy generate?▼
Lakes International Language Academy reports $19.1M in annual revenue and holds $11.8M in total assets, based on IRS filings.