Lakeland Police Foundation Incorporated

Analysis

Lakeland Police Foundation Incorporated is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Lakeland Police Foundation Incorporated reported income of $173k and spending of $135k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $109k to $173k (+59%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 134%. Over the whole period it spent 68% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lakeland Police Foundation Incorporated sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 54th percentile within FL. Charities of a similar size with the same main cause include Believe in Me ($173k), Grand Lodge of New Jersey Ashlar Fund Inc ($174k) and Martin Luther King Jr Parade Foundation Inc ($173k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% of the total. At year end it held assets of $909k against liabilities of $0, net assets of $909k.