Lake Merritt-Uptown District Association

Analysis

Lake Merritt-Uptown District Association is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Lake Merritt-Uptown District Association reported income of $2.0m and spending of $1.9m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.0m (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lake Merritt-Uptown District Association sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Soil Born Farm Urban Agriculture Project ($2.0m), Martinsvill-Henry County Economic Development Corporation ($2.0m) and Groundwork Denver Incorporated ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. At year end it held assets of $158k against liabilities of $0, net assets of $158k.