Lake Parks Foundation

Analysis

Lake Parks Foundation is a registered charity in United States, based in Wickliffe, OH. It received its IRS tax-exemption ruling in February 1990, 36 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 Parks Foundation reported income of $154k and spending of $19k, leaving 88% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $143k to $154k (+7.2%), an average of +1.8% a year. The sharpest change came in the year to December 2020, when income dropped by 547%. Over the whole period it spent -1579% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Lake Parks Foundation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within OH. Charities of a similar size with the same main cause include Friends of Eden State Gardens Inc ($154k), Save the Yellowstone Grizzly ($154k) and Spofford Lake Association ($154k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.8% of the total. At year end it held assets of $1.1m against liabilities of $16k, net assets of $1.1m.