Boone Lake Association

Analysis

Boone Lake Association is a registered charity in United States, based in Piney Flats, TN. It received its IRS tax-exemption ruling in August 1984, 42 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, Boone Lake Association reported income of $192k and spending of $192k, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $273k to $192k (-30%), an average of -11% a year. The sharpest change came in the year to December 2022, when income rose by 70%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boone Lake Association sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within TN. Charities of a similar size with the same main cause include Msma Health Education Foundation ($192k), East Central School Foundation Inc ($192k) and Dallas Booster Club Inc ($192k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.1% of the total. Other salaries and wages came to $80k. At year end it held assets of $371k against liabilities of $927, net assets of $370k. It reported 10 employees.