Florence Lake Charitable Trust

Analysis

Florence Lake Charitable Trust is a registered charity in United States, based in Grand Forks, ND. It received its IRS tax-exemption ruling in October 1993, 33 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Florence Lake Charitable Trust reported income of $68k and spending of $122k, spending 181% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $180k to $68k (-62%), an average of -22% a year. The sharpest change came in the year to December 2021, when income rose by 99%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Florence Lake Charitable Trust sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 18th percentile within ND. Charities of a similar size with the same main cause include PTA North Carolina Congress ($68k), PTA California Congress of Parents Teachers & Students Inc ($68k) and 5b Kids Fund Inc ($68k).

Compensation of current officers, directors and key employees was $18k (15% of expenses). At year end it held assets of $3.0m against liabilities of $0, net assets of $3.0m.