Lake Whatcom Center Foundation

Analysis

Lake Whatcom Center Foundation is a registered charity in United States, based in Bellingham, WA. It received its IRS tax-exemption ruling in February 2007, 19 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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 2023, Lake Whatcom Center Foundation reported income of $1.1m and spending of $932k, spending 86% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.3m to $1.1m (-19%), an average of -6.7% a year. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Whatcom Center Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within WA. Charities of a similar size with the same main cause include Boy Scouts of America ($1.1m), Habitat for Humanity International Inc ($1.1m) and American Agape Foundation Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 94% of the total. At year end it held assets of $27.3m against liabilities of $7.3m, net assets of $20.0m.