Lake Arbor Foundation Inc

Analysis

Lake Arbor Foundation Inc is a registered charity in United States, based in Mitchellville, MD. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Arbor Foundation Inc reported income of $316k and spending of $306k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $220k to $316k (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lake Arbor Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within MD. Charities of a similar size with the same main cause include Butler Valley Youth Hockey Association ($316k), Dyker Heights Athletic Assoc Inc ($316k) and Chili Soccer Association Inc ($316k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Other salaries and wages came to $11k. At year end it held assets of $890k against liabilities of $1,896, net assets of $888k. It reported 9 employees.