Lake Manitou Association Inc

Analysis

Lake Manitou Association Inc is a registered charity in United States, based in Rochester, IN. It received its IRS tax-exemption ruling in November 1987, 39 years ago. 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 December 2023, Lake Manitou Association Inc reported income of $115k and spending of $65k, leaving 43% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $323k to $115k (-64%), an average of -64% a year. The sharpest change came in the year to December 2023, when income dropped by 64%. Over the whole period it spent 28% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Manitou Association Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 38th percentile within IN. Charities of a similar size with the same main cause include Alpha Psi Delta Educational Foundation Inc ($115k), Clear Lake Arts Council ($115k) and All for One Pet Rescue Inc ($115k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $581k against liabilities of $0, net assets of $581k.