Indian Lake Development Corporation

Analysis

Indian Lake Development Corporation is a registered charity in United States, based in Russells Pt, OH. It received its IRS tax-exemption ruling in March 2014, 12 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, Indian Lake Development Corporation reported income of $107k and spending of $97k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $126k to $107k (-15%), an average of -15% a year. Over the whole period it spent 85% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Indian Lake Development Corporation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 39th percentile within OH. Charities of a similar size with the same main cause include Hamden Soccer Associaton ($107k), Lacrosse the Nations ($107k) and North Scott Soccer Club Inc ($107k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 22% of the total. At year end it held assets of $180k against liabilities of $0, net assets of $180k.