Green Lake Renewal Inc

Analysis

Green Lake Renewal Inc is a registered charity in United States, based in Green Lake, WI. It received its IRS tax-exemption ruling in June 2009, 17 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, Green Lake Renewal Inc reported income of $1.7m and spending of $480k, leaving 72% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $434k to $1.7m (+288%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 199%. Over the whole period it spent 51% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Green Lake Renewal Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within WI. Charities of a similar size with the same main cause include Metzenbaum Sheltered Industries Inc ($1.7m), Apparo Solutions Inc ($1.7m) and Martis Camp Community Foundation ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 3.6% of the total. Other salaries and wages came to $199k. At year end it held assets of $2.4m against liabilities of $148k, net assets of $2.2m. It reported 14 employees.