Lake View Foundation

Analysis

Lake View Foundation is a registered charity in United States, based in Paw Paw, MI. It received its IRS tax-exemption ruling in May 1986, 40 years ago. 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 View Foundation reported income of $734k and spending of $694k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $579k to $734k (+27%), an average of +6.1% a year. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake View Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within MI. Charities of a similar size with the same main cause include Museum for Art in Wood Inc ($734k), Charlie Daniels Journey Home Project ($734k) and Sheet Metal Workers 292 Apprenticeship Fund ($734k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.4% and program service revenue 95% of the total. Other salaries and wages came to $130k. At year end it held assets of $3.4m against liabilities of $16k, net assets of $3.4m. It reported 10 employees.