Lake Forest Ranch Inc

Analysis

Lake Forest Ranch Inc is a registered charity in United States, based in Macon, MS. It received its IRS tax-exemption ruling in June 1963, 63 years ago. 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, Lake Forest Ranch Inc reported income of $1.6m and spending of $1.5m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.6m (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2021, when income rose by 98%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Forest Ranch Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within MS. Charities of a similar size with the same main cause include San Francisco Vikings Soccer Club Inc ($1.6m), KCBX Inc ($1.6m) and Olive Fire Dept No 1 Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. Other salaries and wages came to $473k. At year end it held assets of $2.9m against liabilities of $167k, net assets of $2.7m. It reported 72 employees.