Lake Charlevoix Association

Analysis

Lake Charlevoix Association is a registered charity in United States, based in Charlevoix, MI. It received its IRS tax-exemption ruling in March 1988, 38 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, Lake Charlevoix Association reported income of $54k and spending of $55k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $84k to $54k (-35%), an average of -35% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Charlevoix Association sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 20th percentile within MI. Charities of a similar size with the same main cause include PTA New Jersey Congress of Parents & Teachers ($54k), Pilot Club International ($54k) and Full Gospel Businessmens Fellowship International ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $127k against liabilities of $1,201, net assets of $126k.