Timber Lake & Area Development Inc

Analysis

Timber Lake & Area Development Inc is a registered charity in United States, based in Timber Lake, SD. It received its IRS tax-exemption ruling in October 2005, 21 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Timber Lake & Area Development Inc reported income of $310k and spending of $409k, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $259k to $310k (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Timber Lake & Area Development Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within SD. Charities of a similar size with the same main cause include Board of Hispanic Caucus Chairs ($310k), Partners in Parnosoh Inc ($310k) and Shared Spaces Foundation ($310k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 70% of the total. Other salaries and wages came to $134k. At year end it held assets of $652k against liabilities of $252k, net assets of $401k. It reported 12 employees.