Lake Geneva Foundation

Analysis

Lake Geneva Foundation is a registered charity in United States, based in Lake Geneva, WI. It received its IRS tax-exemption ruling in August 1951, 75 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Geneva Foundation reported income of $4.4m and spending of $3.0m, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $4.4m (+49%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 82% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lake Geneva Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within WI. Charities of a similar size with the same main cause include League to Save Lake Tahoe ($4.4m), Masters International Ministries USA ($4.5m) and Coral Ridge Ministries Media Inc ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $111k (3.7% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $7.0m against liabilities of $1.1m, net assets of $5.9m. It reported 170 employees.