Lake City Collective

Analysis

Lake City Collective is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in December 2020, 6 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, Lake City Collective reported income of $557k and spending of $477k, spending 86% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $330k to $557k (+69%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 271%. Over the whole period it spent 37% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lake City Collective sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within WA. Charities of a similar size with the same main cause include Pottstown Area Industrial Development Inc ($557k), Design Thinking Hawaii ($557k) and Jordan Valley Day Care & Training Center ($556k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $138k. At year end it held assets of $1.4m against liabilities of $127, net assets of $1.4m. It reported 2 employees.