Friends of Beaver Lake Inc

Analysis

Friends of Beaver Lake Inc is a registered charity in United States, based in Baldwinsville, NY. It received its IRS tax-exemption ruling in February 1984, 42 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Friends of Beaver Lake Inc reported income of $377k and spending of $261k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $243k to $377k (+55%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 92%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Beaver Lake Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Wolverine Hoosier Athletic Conference Inc ($377k), Directors Academy Inc ($377k) and Santa Lucia School ($377k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 9.1% of the total. Other salaries and wages came to $122k. At year end it held assets of $1.1m against liabilities of $2,016, net assets of $1.1m. It reported 5 employees.