Wyman Lake Association Inc

Analysis

Wyman Lake Association Inc is a registered charity in United States, based in Westminster, MA. It received its IRS tax-exemption ruling in July 1988, 38 years ago. 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, Wyman Lake Association Inc reported income of $58k and spending of $55k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $59k to $58k (-0.9%), an average of -0.9% a year. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wyman Lake Association Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 31st percentile within MA. Charities of a similar size with the same main cause include University Series Foundation Inc ($58k), Society Restoration & Historic Pres Bonnerwhitaker McClendon House Inc ($58k) and United Way of Eastern Kentucky Inc ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 22% of the total. At year end it held assets of $284k against liabilities of $0, net assets of $284k.