Lake County Bar Foundation

Analysis

Lake County Bar Foundation is a registered charity in United States, based in Waukegan, IL. It received its IRS tax-exemption ruling in June 1972, 54 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Lake County Bar Foundation reported income of $318k and spending of $117k, leaving 63% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $71k to $318k (+351%), an average of +65% a year. The sharpest change came in the year to June 2023, when income rose by 128%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lake County Bar Foundation sits at the 62nd percentile: it is larger than about 62% 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 Roots Eitz Chaim Inc ($318k), National Institute of Governmental Purchasing Inc ($318k) and Scholars Hope Foundation ($318k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% of the total. At year end it held assets of $1.5m against liabilities of $387k, net assets of $1.2m.