Mountain Lakes Home & School Association

Analysis

Mountain Lakes Home & School Association is a registered charity in United States, based in Mountain LKS, NJ. It received its IRS tax-exemption ruling in July 1980, 46 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Mountain Lakes Home & School Association reported income of $72k and spending of $70k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $85k to $72k (-15%), an average of -4.0% a year. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mountain Lakes Home & School Association sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 36th percentile within NJ. Charities of a similar size with the same main cause include California Performing Arts Centre ($72k), Ogden Friends of Acoustic Music - Ofoam ($72k) and Historic Lexington Foundation ($72k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% of the total. At year end it held assets of $89k against liabilities of $0, net assets of $89k.