Lakeshore Park Conservancy

Analysis

Lakeshore Park Conservancy is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 June 2023, Lakeshore Park Conservancy reported income of $13.5m and spending of $356k, leaving 97% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $550k to $13.5m (+2346%), an average of +122% a year. The sharpest change came in the year to June 2021, when income rose by 2984%. Over the whole period it spent 61% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lakeshore Park Conservancy sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within TN. Charities of a similar size with the same main cause include True Friends ($13.3m), Plano Sports Authority ($13.5m) and Grassroot Soccer Inc ($13.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $225k. At year end it held assets of $34.5m against liabilities of $3.1m, net assets of $31.5m. It reported 9 employees.