Lake Toxaway Community Club

Analysis

Lake Toxaway Community Club is a registered charity in United States, based in Lake Toxaway, NC. It received its IRS tax-exemption ruling in October 1994, 32 years ago. 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 Toxaway Community Club reported income of $93k and spending of $64k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $64k to $93k (+46%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Toxaway Community Club sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within NC. Charities of a similar size with the same main cause include Denton County Crime Stoppers Inc ($93k), Rotary Club of Wethersfield Helping Hand Fund ($93k) and Rotary Club of Cadillac Foundation ($93k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. At year end it held assets of $240k against liabilities of $0, net assets of $240k.