Ericson Lake Inc

Analysis

Ericson Lake Inc is a registered charity in United States, based in Ericson, NE. It received its IRS tax-exemption ruling in December 1979, 47 years ago. 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, Ericson Lake Inc reported income of $134k and spending of $114k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $100k to $134k (+34%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ericson Lake Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within NE. Charities of a similar size with the same main cause include Caring Community Preschool ($134k), Little League Baseball Inc ($134k) and Avkare Charities ($134k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 62% of the total. At year end it held assets of $295k against liabilities of $0, net assets of $295k.