Lake Loramie Improvement Assoc

Analysis

Lake Loramie Improvement Assoc is a registered charity in United States, based in Minster, OH. It received its IRS tax-exemption ruling in September 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lake Loramie Improvement Assoc reported income of $64k and spending of $56k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $48k to $64k (+33%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lake Loramie Improvement Assoc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within OH. Charities of a similar size with the same main cause include Power Community Development Corporation ($64k), Action for India ($64k) and Assistance League of Houston ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 5.7% of the total. At year end it held assets of $82k against liabilities of $0, net assets of $82k.