Glen Lake Association Inc

Analysis

Glen Lake Association Inc is a registered charity in United States, based in Glen Arbor, MI. It received its IRS tax-exemption ruling in November 1994, 32 years ago. 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, Glen Lake Association Inc reported income of $480k and spending of $285k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $468k to $480k (+2.7%), an average of +0.7% a year. The sharpest change came in the year to December 2022, when income rose by 284%. Over the whole period it spent 43% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Glen Lake Association Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MI. Charities of a similar size with the same main cause include Boys and Girls Club of Pekin ($480k), Park Hills Senior Center Inc ($480k) and Horizon House Foundation ($480k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 0.4% of the total. Other salaries and wages came to $140k. At year end it held assets of $3.1m against liabilities of $37k, net assets of $3.0m. It reported 13 employees.