The Lake Hopatcong Foundation a New Jersey Nonprofit Corporation

Analysis

The Lake Hopatcong Foundation a New Jersey Nonprofit Corporation is a registered charity in United States, based in Landing, NJ. It received its IRS tax-exemption ruling in February 2013, 13 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 December 2023, The Lake Hopatcong Foundation a New Jersey Nonprofit Corporation reported income of $700k and spending of $674k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $585k to $700k (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, The Lake Hopatcong Foundation a New Jersey Nonprofit Corporation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within NJ. Charities of a similar size with the same main cause include Mission Valley Aquatics ($700k), Gillespie County Fair & Festival Assn Inc ($700k) and Nola Soccer Academy ($699k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $91k (14% of expenses). Other salaries and wages came to $217k. At year end it held assets of $2.8m against liabilities of $44k, net assets of $2.7m. It reported 7 employees.