East Lake Foundation Inc

Analysis

East Lake Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in March 1996, 30 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 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 2023, East Lake Foundation Inc reported income of $13.4m and spending of $12.6m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.9m to $13.4m (+174%), an average of +29% a year. The sharpest change came in the year to December 2021, when income rose by 600%. Over the whole period it spent 64% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, East Lake Foundation Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within GA. Charities of a similar size with the same main cause include Love Thy Neighbor Too ($13.3m), Ovarian Cancer Research Fund Inc ($13.4m) and Moose Foundation Inc ($13.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $517k (4.1% of expenses). Other salaries and wages came to $239k. At year end it held assets of $69.6m against liabilities of $1.4m, net assets of $68.2m. It reported 15 employees.