Tri Lakes Cares

Analysis

Tri Lakes Cares is a registered charity in United States, based in Monument, CO. It received its IRS tax-exemption ruling in October 1988, 38 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Tri Lakes Cares reported income of $2.3m and spending of $2.2m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.3m to $2.3m (+68%), an average of +14% a year. The sharpest change came in the year to September 2021, when income rose by 46%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tri Lakes Cares 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 87th percentile, and in the 87th percentile within CO. Charities of a similar size with the same main cause include Susan B Anthony Project Inc ($2.2m), Youth Advocates of Sitka Inc Sitka Receiving Home ($2.3m) and Mainstream Services Inc ($2.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $109k (5.0% of expenses). Other salaries and wages came to $628k. At year end it held assets of $2.4m against liabilities of $231k, net assets of $2.2m. It reported 17 employees.