The Admiral at the Lake Foundation

Analysis

The Admiral at the Lake Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Admiral at the Lake Foundation reported income of $322k and spending of $316k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $360k to $322k (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Admiral at the Lake Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within IL. Charities of a similar size with the same main cause include Mackenzie Place 202 ($322k), Walking Down Ranch Inc ($322k) and Arizona Fair Housing Center ($322k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% of the total. At year end it held assets of $13.0m against liabilities of $0, net assets of $13.0m.