Lake County Extension Foundation

Analysis

Lake County Extension Foundation is a registered charity in United States, based in Grayslake, IL. It received its IRS tax-exemption ruling in June 1981, 45 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 Extension Foundation reported income of $86k and spending of $66k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $67k to $86k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake County Extension Foundation sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 34th percentile within IL. Charities of a similar size with the same main cause include Emergency Aid Fund ($86k), Brookside School Parents Club ($86k) and Passaic-Clifton Gemach Inc ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $67k against liabilities of $0, net assets of $67k.