Lula Lake Land Trust

Analysis

Lula Lake Land Trust is a registered charity in United States, based in Lookout Mountain, GA. It received its IRS tax-exemption ruling in September 2021, 5 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, Lula Lake Land Trust reported income of $973k and spending of $519k, leaving 47% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $908k to $973k (+7.1%), an average of +3.5% a year. The sharpest change came in the year to December 2023, when income rose by 303%. Over the whole period it spent 68% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lula Lake Land Trust sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within GA. Charities of a similar size with the same main cause include Rhi Foundation Inc ($973k), Friends of Peb Inc ($973k) and Kathrine R Everett Charitable Testamentary Trust ($972k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% of the total. Compensation of current officers, directors and key employees was $280k (54% of expenses). It paid $15k in professional fundraising fees. At year end it held assets of $9.1m against liabilities of $5,614, net assets of $9.1m. It reported 28 employees.