Lake Odessa Civic & Agricultural Improvement Association

Analysis

Lake Odessa Civic & Agricultural Improvement Association is a registered charity in United States, based in Lake Odessa, MI. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 August 2023, Lake Odessa Civic & Agricultural Improvement Association reported income of $361k and spending of $369k, spending 102% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $251k to $361k (+44%), an average of +44% a year. The sharpest change came in the year to August 2023, when income rose by 44%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lake Odessa Civic & Agricultural Improvement Association sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MI. Charities of a similar size with the same main cause include Lancaster-Depew Baseball League Inc ($361k), United States Ski Association Central Division ($361k) and West Elk Soccer Association ($361k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. At year end it held assets of $253k against liabilities of $2,200, net assets of $251k.