Lake Park Friends Ltd

Analysis

Lake Park Friends Ltd is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Park Friends Ltd reported income of $261k and spending of $209k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $221k to $261k (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2020, when income rose by 92%. Over the whole period it spent 65% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lake Park Friends Ltd sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within WI. Charities of a similar size with the same main cause include Philanthropy West Virginia Inc ($261k), Kids Chance of Maryland Inc ($261k) and Childrens Network International Inc ($261k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $21k (9.9% of expenses). At year end it held assets of $884k against liabilities of $0, net assets of $884k. It reported 1 employees.