Lake McMurtry Friends Inc

Analysis

Lake McMurtry Friends Inc is a registered charity in United States, based in Stillwater, OK. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 June 2024, Lake McMurtry Friends Inc reported income of $502k and spending of $527k, spending 105% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $378k to $502k (+33%), an average of +7.3% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 102% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Lake McMurtry Friends Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within OK. Charities of a similar size with the same main cause include Golden State Natural Resources ($502k), Belle Fourche River Watershed Partnership ($502k) and Wings Over Wisconsin Inc ($502k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 42% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $80k (15% of expenses). Other salaries and wages came to $216k. At year end it held assets of $166k against liabilities of $90k, net assets of $76k. It reported 25 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.