Sylvan Lake Improvement Association

Analysis

Sylvan Lake Improvement Association is a registered charity in United States, based in Rome City, IN. It received its IRS tax-exemption ruling in December 1989, 37 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Sylvan Lake Improvement Association reported income of $99k and spending of $190k, spending 191% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $275k to $99k (-64%), an average of -22% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 98% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Sylvan Lake Improvement Association sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 34th percentile within IN. Charities of a similar size with the same main cause include Maslena Rescue Foundation ($99k), North Texas Cat Rescue ($99k) and Second Chance Sheltering Network Inc ($99k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $64k (33% of expenses). Other salaries and wages came to $22k. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m. It reported 9 employees.