Lake of the Woods Lions Club Foundation Inc

Analysis

Lake of the Woods Lions Club Foundation Inc is a registered charity in United States, based in Locust Grove, VA. It received its IRS tax-exemption ruling in October 1999, 27 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Lake of the Woods Lions Club Foundation Inc reported income of $147k and spending of $136k, spending 92% of its income. Across the 3 years on record, from June 2022 to June 2024, income fell from $212k to $147k (-31%), an average of -17% a year. The sharpest change came in the year to June 2023, when income dropped by 30%. Over the whole period it spent 73% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lake of the Woods Lions Club Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 46th percentile within VA. Charities of a similar size with the same main cause include John M Kamya Foundation ($147k), Jewish Federation of Waco ($147k) and Rotary Club of Leawood Kansas Charitable Fund Inc ($147k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 34% of the total. Other salaries and wages came to $10k. At year end it held assets of $429k against liabilities of $0, net assets of $429k. It reported 2 employees.