Lake Highlands Improvement District Corporation

Analysis

Lake Highlands Improvement District Corporation is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in January 2011, 15 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Lake Highlands Improvement District Corporation reported income of $1.9m and spending of $1.7m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.9m (+70%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lake Highlands Improvement District Corporation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Kulshan Vocational Service ($1.9m), Enterprize Events Inc ($1.9m) and Alliance for Gun Responsibility Foundation ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $110k. At year end it held assets of $3.0m against liabilities of $2.1m, net assets of $914k. It reported 3 employees.