Lake Erie Ink- a Writing Space for Youth

Analysis

Lake Erie Ink- a Writing Space for Youth is a registered charity in United States, based in Cleveland HTS, OH. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 May 2023, Lake Erie Ink- a Writing Space for Youth reported income of $510k and spending of $570k, spending 112% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income grew from $278k to $510k (+84%), an average of +22% a year. The sharpest change came in the year to May 2023, when income rose by 29%. Over the whole period it spent 111% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Lake Erie Ink- a Writing Space for Youth sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within OH. Charities of a similar size with the same main cause include James and Grace Lee Boggs Center to Nurture Community Leadership ($510k), Art Resource Collaborative for Kids Arck Incorporated ($511k) and Find Design ($510k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $63k (11% of expenses). Other salaries and wages came to $246k. At year end it held assets of $192k against liabilities of $32k, net assets of $160k. It reported 10 employees.