Mount Desert Island Lions Charities Inc

Analysis

Mount Desert Island Lions Charities Inc is a registered charity in United States, based in Southwest HBR, ME. It received its IRS tax-exemption ruling in February 1995, 31 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2024, Mount Desert Island Lions Charities Inc reported income of $70k and spending of $54k, leaving 23% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $55k to $70k (+27%), an average of +27% a year. The sharpest change came in the year to June 2024, when income rose by 27%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mount Desert Island Lions Charities Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 20th percentile within ME. Charities of a similar size with the same main cause include Los Angeles South Hope Foundation ($70k), Monroe County Family Coalition Inc ($70k) and Greater Mankato Growth Inc Foundation ($70k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 8.7% of the total. At year end it held assets of $62k against liabilities of $0, net assets of $62k.