Lakeland Aero Club Inc

Analysis

Lakeland Aero Club Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 September 2023, Lakeland Aero Club Inc reported income of $299k and spending of $303k, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $222k to $299k (+35%), an average of +7.7% a year. The sharpest change came in the year to September 2021, when income rose by 26%. Over the whole period it spent 98% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Lakeland Aero Club Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 65th percentile within FL. Charities of a similar size with the same main cause include The Immanuel Initiative Inc ($299k), Green River Outreach for Wilderness Foundation ($299k) and Young Masterminds Initiative ($299k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 86% and program service revenue 5.5% of the total. Compensation of current officers, directors and key employees was $66k (22% of expenses). Other salaries and wages came to $57k. At year end it held assets of $423k against liabilities of $5,639, net assets of $418k. It reported 5 employees.