Charity Search / LAKE AREA DISCOVERY CENTER
Education (B21) IRS Verified DX Registered 990 on File

LAKE AREA DISCOVERY CENTER

EIN: 41-1937239 · WHITE BEAR LK, MN 55110-4901 · United States · FY 2025 Data
3 out of 5 58 / 100 Based on 2+ years of filings
Financial strength (30%) 82/100
Reliability (20%) 55/100
Effectiveness (25%) 88/100
Impact (25%) No data yet
Financial data: FY 2025 · Scored 9/13/2026
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Financial Overview — FY 2025
$12.1M
Total Revenue
$12.5M
Total Expenses
$2.7M
Net Assets
379
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 87.4%
Fundraising Efficiency N/A
Operating Reserve 2.63x
Liability-to-Asset 12.3%
Revenue Diversification 90.6%
Executive Compensation $174K
Compared with Peers
FY 2025
Compared with 1,600 similar organizations (United States, Education, $10M–$100M in expenses), FY 2025.
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
87.4% 84.4%
P10P90
Above median
Admin expense ratio
Management and general / total expenses · lower is better
12.6% 13.6%
P10P90
Above median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.5%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
2.6 mo 10.5 mo
P10P90
Bottom quarter
Liabilities to assets
Total liabilities / total assets · lower is better
12.3% 32.5%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
90.6% 88.2%
P10P90
Below median
Surplus margin
Surplus as a share of revenue
-3.7% 3.2%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2025 $12.1M $12.5M $2.7M 87.4% 379
2023 $9.5M $10.2M $3.0M 87.6% 270
2022 $10.6M $8.8M $3.7M 85.0% 234
2021 $7.7M $6.0M N/A 188
2020 $5.4M $5.8M N/A 184
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Organization Details
EIN
41-1937239
State
MN
City
WHITE BEAR LK
ZIP
55110-4901
Classification
B21
Category
Education
Rating
3★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
1999
Foundation Code
15
Form 990
On File
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