Friends of Lake Forest Parks and Recreation

Analysis

Friends of Lake Forest Parks and Recreation is a registered charity in United States, based in Lake Forest, IL. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 September 2023, Friends of Lake Forest Parks and Recreation reported income of $244k and spending of $445k, spending 182% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $973k to $244k (-75%), an average of -29% a year. The sharpest change came in the year to September 2023, when income dropped by 60%. Over the whole period it spent 121% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of Lake Forest Parks and Recreation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within IL. Charities of a similar size with the same main cause include Aston Township Athletics ($244k), Howell United Soccer Club Inc ($244k) and Canton Minor Hockey Inc ($244k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 165% of the total. At year end it held assets of $621k against liabilities of $90k, net assets of $531k.