7 Lakes Alliance

Analysis

7 Lakes Alliance is a registered charity in United States, based in Belgrade LKS, ME. It received its IRS tax-exemption ruling in February 1990, 36 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, 7 Lakes Alliance reported income of $1.6m and spending of $1.9m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.6m (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2022, when income rose by 279%. Over the whole period it spent 56% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, 7 Lakes Alliance sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within ME. Charities of a similar size with the same main cause include Great Swamp Watershed Association ($1.6m), Canopy ($1.6m) and Magic Canoe ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $118k (6.3% of expenses). Other salaries and wages came to $832k. At year end it held assets of $8.1m against liabilities of $105k, net assets of $8.0m. It reported 87 employees.