Friends of Lopez Island Pool

Analysis

Friends of Lopez Island Pool is a registered charity in United States, based in Lopez Island, WA. It received its IRS tax-exemption ruling in January 2009, 17 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Friends of Lopez Island Pool reported income of $452k and spending of $192k, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $795k to $452k (-43%), an average of -13% a year. The sharpest change came in the year to December 2022, when income rose by 61%. Over the whole period it spent 23% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of Lopez Island Pool sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within WA. Charities of a similar size with the same main cause include Jewish Community Foundation of Greater Prescott ($451k), The Uscib Foundation Inc ($452k) and Hemophilia Foundation of Maryland Inc ($451k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $82k (43% of expenses). At year end it held assets of $4.9m against liabilities of $42k, net assets of $4.9m.