Lake Toxaway Charities

Analysis

Lake Toxaway Charities is a registered charity in United States, based in Lake Toxaway, NC. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Lake Toxaway Charities reported income of $1.5m and spending of $658k, leaving 55% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $821k to $1.5m (+77%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 282%. Over the whole period it spent 38% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lake Toxaway Charities sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include Chipola Healthy Start Inc ($1.5m), National Council of Jewish Women Mi Chigan Inc ($1.5m) and Area Homecare & Family Services Inc ($1.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 96% of the total. At year end it held assets of $4.7m against liabilities of $0, net assets of $4.7m.