Lions Club of Lago Vista Charitable Fund Inc

Analysis

Lions Club of Lago Vista Charitable Fund Inc is a registered charity in United States, based in Lago Vista, TX. It received its IRS tax-exemption ruling in March 2005, 21 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Lions Club of Lago Vista Charitable Fund Inc reported income of $63k and spending of $52k, spending 83% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $56k to $63k (+12%), an average of +12% a year. Over the whole period it spent 85% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lions Club of Lago Vista Charitable Fund Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within TX. Charities of a similar size with the same main cause include Foundation Scov ($63k), Mission Helping Hands Corp ($63k) and Mama Ada Foundation ($63k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 9.2% of the total. At year end it held assets of $120k against liabilities of $0, net assets of $120k.