Lake Mills Area Community Foundation Inc

Analysis

Lake Mills Area Community Foundation Inc is a registered charity in United States, based in Lake Mills, WI. It received its IRS tax-exemption ruling in September 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Lake Mills Area Community Foundation Inc reported income of $478k and spending of $201k, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $209k to $478k (+129%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 827%. Over the whole period it spent 48% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lake Mills Area Community Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within WI. Charities of a similar size with the same main cause include Paulding County Area Fdtn-Marshall Memorial Supporting FDTN ($478k), Eager to Serve Inc ($478k) and Progres Foundation Corporation ($478k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% of the total. Other salaries and wages came to $5,090. At year end it held assets of $4.7m against liabilities of $0, net assets of $4.7m.