Lake County Jatc

Analysis

Lake County Jatc is a registered charity in United States, based in Libertyville, IL. It received its IRS tax-exemption ruling in October 1975, 51 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Lake County Jatc reported income of $902k and spending of $1.0m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $967k to $902k (-6.8%), an average of -1.7% a year. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lake County Jatc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within IL. Charities of a similar size with the same main cause include Connected Communities Inc ($901k), Mid Coast Construction Academy TR ($903k) and Democratizing Philanthropy Project ($900k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.6% and program service revenue 103% of the total. Other salaries and wages came to $419k. At year end it held assets of $1.6m against liabilities of $3,923, net assets of $1.6m. It reported 18 employees.