Higgins Lake Foundation

Analysis

Higgins Lake Foundation is a registered charity in United States, based in Roscommon, MI. It received its IRS tax-exemption ruling in June 1989, 37 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 2022, Higgins Lake Foundation reported income of $237k and spending of $333k, spending 140% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $155k to $237k (+53%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 20%. Over the whole period it spent 124% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Higgins Lake Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within MI. Charities of a similar size with the same main cause include Coastal Ranches Conservancy ($237k), Go Alliance ($237k) and Comal County Conservation Alliance Inc ($237k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 58% and program service revenue 19% of the total. Other salaries and wages came to $61k. At year end it held assets of $1.9m against liabilities of $1,981, net assets of $1.9m. It reported 9 employees.