Florida Lake Management Society Chapter of Naims

Analysis

Florida Lake Management Society Chapter of Naims is a registered charity in United States, based in Clermont, FL. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Florida Lake Management Society Chapter of Naims reported income of $94k and spending of $124k, spending 132% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $58k to $94k (+63%), an average of +62% a year. The sharpest change came in the year to December 2023, when income rose by 63%. Over the whole period it spent 118% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Florida Lake Management Society Chapter of Naims sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 39th percentile within FL. Charities of a similar size with the same main cause include Rotary Club No 380 Charitable Association Inc ($94k), Whitman Council Nac ($94k) and Eastmoreland Neighborhood Association ($94k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $79k against liabilities of $0, net assets of $79k.