Lake Forest Open Lands Association

Analysis

Lake Forest Open Lands Association is a registered charity in United States, based in Mettawa, IL. It received its IRS tax-exemption ruling in March 1968, 58 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Lake Forest Open Lands Association reported income of $4.2m and spending of $2.5m, leaving 40% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income fell from $5.1m to $4.2m (-19%), an average of -5.0% a year. The sharpest change came in the year to March 2024, when income dropped by 56%. Over the whole period it spent 34% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Lake Forest Open Lands Association sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within IL. Charities of a similar size with the same main cause include Ctrees ($4.2m), Alaska Conservation Foundation ($4.2m) and Clean Grid Alliance ($4.2m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 79% and program service revenue 4.6% of the total. Compensation of current officers, directors and key employees was $87k (3.5% of expenses). Other salaries and wages came to $886k. At year end it held assets of $76.3m against liabilities of $10.2m, net assets of $66.1m. It reported 26 employees.