Friends of Lakeshore State Park

Analysis

Friends of Lakeshore State Park is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Lakeshore State Park reported income of $373k and spending of $114k, leaving 69% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $44k to $373k (+747%), an average of +53% a year. The sharpest change came in the year to December 2021, when income rose by 259%. Over the whole period it spent 63% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of Lakeshore State Park sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within WI. Charities of a similar size with the same main cause include Herkimer County Fair Association Inc ($373k), Rodeo de Santa Fe Inc ($373k) and Our Kids First Educational Program ($373k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. It paid $53k in professional fundraising fees. At year end it held assets of $599k against liabilities of $12k, net assets of $587k.