Three Lakes Association Inc

Analysis

Three Lakes Association Inc is a registered charity in United States, based in Bellaire, MI. It received its IRS tax-exemption ruling in October 1986, 40 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, Three Lakes Association Inc reported income of $100k and spending of $96k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $82k to $100k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Three Lakes Association Inc sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within MI. Charities of a similar size with the same main cause include PTA North Carolina Congress ($100k), Tidewater African Cultural Alliance ($100k) and Contemplace ($100k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $377k against liabilities of $39k, net assets of $339k.