Lakes Environment Association

Analysis

Lakes Environment Association is a registered charity in United States, based in Bridgton, ME. It received its IRS tax-exemption ruling in June 1971, 55 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 December 2023, Lakes Environment Association reported income of $1.4m and spending of $1.3m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.4m (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2020, when income rose by 17%. Over the whole period it spent 92% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Lakes Environment Association sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within ME. Charities of a similar size with the same main cause include American Rose Society ($1.4m), Friends of El Mirage ($1.4m) and Schoolhouse of Wonder ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $114k (9.1% of expenses). Other salaries and wages came to $430k. At year end it held assets of $4.3m against liabilities of $156k, net assets of $4.1m. It reported 65 employees.