Lake Leelanau Lake Association

Analysis

Lake Leelanau Lake Association is a registered charity in United States, based in Leland, MI. It received its IRS tax-exemption ruling in September 2005, 21 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 Leelanau Lake Association reported income of $735k and spending of $331k, leaving 55% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $252k to $735k (+192%), an average of +71% a year. The sharpest change came in the year to December 2022, when income rose by 85%. Over the whole period it spent 51% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Lake Leelanau Lake Association 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 76th percentile, and in the 76th percentile within MI. Charities of a similar size with the same main cause include The Great Harbor Yacht Club Foundation Inc ($735k), Theodore Roosevelt Nature and History Association ($736k) and Tree Utah ($735k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $42k (13% of expenses). Other salaries and wages came to $2,847. At year end it held assets of $949k against liabilities of $22k, net assets of $927k. It reported 8 employees.