Lakeland Margarita Society Inc

Analysis

Lakeland Margarita Society Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in September 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Lakeland Margarita Society Inc reported income of $72k and spending of $77k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $75k to $72k (-4.1%), an average of -4.1% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lakeland Margarita Society Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 32nd percentile within FL. Charities of a similar size with the same main cause include East Texas Sheltering Arms Coalition ($72k), Eastleigh Farm Educational Foundation Inc ($72k) and Whitemarsh Police Officers Benevolence Association Inc ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 40% of the total. At year end it held assets of $561 against liabilities of $0, net assets of $561.