Lake County in Economic Alliance Inc

Analysis

Lake County in Economic Alliance Inc is a registered charity in United States, based in Hobart, IN. It received its IRS tax-exemption ruling in August 1984, 42 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 2023, Lake County in Economic Alliance Inc reported income of $373k and spending of $367k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $332k to $373k (+12%), an average of +3.0% a year. The sharpest change came in the year to December 2022, when income rose by 47%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake County in Economic Alliance Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within IN. Charities of a similar size with the same main cause include New Oxford Review Inc ($373k), St Henry Volunteer Fire Department ($373k) and Andover Historical Society ($373k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $154k (42% of expenses). Other salaries and wages came to $68k. At year end it held assets of $135k against liabilities of $19k, net assets of $116k. It reported 3 employees.