Inland Lakes Educational Foundation

Analysis

Inland Lakes Educational Foundation is a registered charity in United States, based in Indian River, MI. It received its IRS tax-exemption ruling in December 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, Inland Lakes Educational Foundation reported income of $692k and spending of $183k, leaving 74% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $680k to $692k (+1.8%), an average of +0.5% a year. The sharpest change came in the year to December 2022, when income rose by 48%. Over the whole period it spent 52% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Inland Lakes Educational Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MI. Charities of a similar size with the same main cause include North Carolina Society of the Cincinnati ($692k), River Cities Information Referral and Assistance Services ($692k) and Orwell Library Association ($692k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% of the total. At year end it held assets of $3.7m against liabilities of $0, net assets of $3.7m.