Ladies of Charity Lake Travis Inc

Analysis

Ladies of Charity Lake Travis Inc is a registered charity in United States, based in Lakeway, TX. It received its IRS tax-exemption ruling in April 2011, 15 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, Ladies of Charity Lake Travis Inc reported income of $1.8m and spending of $1.2m, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $718k to $1.8m (+148%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 110%. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ladies of Charity Lake Travis Inc 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 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Venturelinx ($1.8m), Fundacion Luis Munoz Marin Inc ($1.8m) and Victor Valley College District Foundation Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.2% of the total. Other salaries and wages came to $120k. At year end it held assets of $4.4m against liabilities of $593k, net assets of $3.8m. It reported 4 employees.