Belgrade Lakes Association

Analysis

Belgrade Lakes Association is a registered charity in United States, based in Belgrade LKS, ME. It received its IRS tax-exemption ruling in October 1981, 45 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Belgrade Lakes Association reported income of $283k and spending of $165k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $197k to $283k (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Belgrade Lakes Association sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 55th percentile within ME. Charities of a similar size with the same main cause include Allegheny Ridge Corporation ($283k), Sachem Teen Center Inc ($283k) and Friends of the Childrens Justice Center of East Hawaii Inc ($283k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% of the total. At year end it held assets of $783k against liabilities of $196, net assets of $783k.