Lake Forest Foundation for Historic Preservation

Analysis

Lake Forest Foundation for Historic Preservation is a registered charity in United States, based in Lake Forest, IL. It received its IRS tax-exemption ruling in April 1977, 49 years ago. 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 March 2024, Lake Forest Foundation for Historic Preservation reported income of $164k and spending of $133k, spending 81% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $135k to $164k (+22%), an average of +5.0% a year. The sharpest change came in the year to March 2022, when income rose by 30%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Forest Foundation for Historic Preservation 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 49th percentile, and in the 50th percentile within IL. Charities of a similar size with the same main cause include Tip of Texas Family Outreach Inc ($164k), Association for Midwestdisadvantaged Youth Inc Amd ($164k) and Little League Baseball Inc ($164k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $72k (54% of expenses). At year end it held assets of $275k against liabilities of -$2,771, net assets of $278k. It reported 2 employees.