Medina Lake Betterment Association

Analysis

Medina Lake Betterment Association is a registered charity in United States, based in Lakehills, TX. It received its IRS tax-exemption ruling in March 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Medina Lake Betterment Association reported income of $208k and spending of $101k, leaving 51% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $117k to $208k (+78%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 51% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Medina Lake Betterment Association sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within TX. Charities of a similar size with the same main cause include Paso Robles Main Street Inc ($208k), Daytona Beach Electrical Jatc Inc ($208k) and Rich-Restoring Inner City Hope Inc ($208k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 2.7% of the total. Other salaries and wages came to $32k. At year end it held assets of $1.5m against liabilities of $4,279, net assets of $1.4m. It reported 1 employees.