Lake Court House Foundation Inc

Analysis

Lake Court House Foundation Inc is a registered charity in United States, based in Crown Point, IN. It received its IRS tax-exemption ruling in October 1975, 51 years ago. 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 2022, Lake Court House Foundation Inc reported income of $332k and spending of $122k, leaving 63% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $488k to $332k (-32%), an average of -12% a year. The sharpest change came in the year to December 2022, when income rose by 174%. Over the whole period it spent 52% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Court House Foundation Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within IN. Charities of a similar size with the same main cause include Stevens County Council on Aging Inc ($332k), American Water Works Association ($332k) and The Grifton Community Fire Association Incorporated ($332k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 23% and program service revenue 0.2% of the total. Other salaries and wages came to $37k. At year end it held assets of $3.6m against liabilities of $20k, net assets of $3.5m. It reported 39,649 employees.