Lake Cooper Foundation

Analysis

Lake Cooper Foundation is a registered charity in United States, based in Keokuk, IA. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lake Cooper Foundation reported income of $79k and spending of $71k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $97k to $79k (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lake Cooper Foundation sits at the 35th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within IA. Charities of a similar size with the same main cause include St Helena Historical Society ($79k), Bellingham Chamber Chorale ($79k) and Architalx ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 81% of the total. At year end it held assets of $78k against liabilities of $3,937, net assets of $74k.