5 Lakes Institute Inc

Analysis

5 Lakes Institute Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in April 2008, 18 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 March 2023, 5 Lakes Institute Inc reported income of $162k and spending of $123k, leaving 24% of income unspent that year. Across the 6 years on record, from March 2016 to March 2023, income fell from $1.1m to $162k (-86%), an average of -32% a year. The sharpest change came in the year to March 2020, when income rose by 109%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, 5 Lakes Institute Inc sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 48th percentile within WI. Charities of a similar size with the same main cause include Radnor Studio 21 Inc ($162k), Conecta Miami Arts Inc ($162k) and Jazz Education Abroad ($162k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $87k (71% of expenses). At year end it held assets of $101k against liabilities of $0, net assets of $101k. It reported 1 employees.