Lakeview Polar Bear Club NFP

Analysis

Lakeview Polar Bear Club NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 March 2024, Lakeview Polar Bear Club NFP reported income of $120k and spending of $70k, leaving 42% of income unspent that year. Across the 2 years on record, from March 2023 to March 2024, income grew from $87k to $120k (+38%), an average of +38% a year. The sharpest change came in the year to March 2024, when income rose by 38%. Over the whole period it spent 74% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lakeview Polar Bear Club NFP sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 43rd percentile within IL. Charities of a similar size with the same main cause include Friends of Vincent Foundation Inc ($120k), Sebring-West Branch Area Community Foundation ($120k) and Centurions of Kendall County Inc ($120k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $143k against liabilities of $68k, net assets of $75k.