Otsego Lake Association

Analysis

Otsego Lake Association is a registered charity in United States, based in Gaylord, MI. It received its IRS tax-exemption ruling in May 2023, 3 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 December 2023, Otsego Lake Association reported income of $118k and spending of $89k, leaving 24% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $86k to $118k (+37%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 92% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Otsego Lake Association sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within MI. Charities of a similar size with the same main cause include Range Conservation Foundation ($118k), Proud Louisiana LLC ($118k) and Resilient Roots Inc ($118k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.7% and program service revenue 83% of the total. At year end it held assets of $144k against liabilities of $15, net assets of $144k.