Lakehills Library & Community Association Inc

Analysis

Lakehills Library & Community Association Inc is a registered charity in United States, based in Lakehills, TX. It received its IRS tax-exemption ruling in August 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Lakehills Library & Community Association Inc reported income of $169k and spending of $174k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $164k to $169k (+3.1%), an average of +0.8% a year. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lakehills Library & Community Association Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within TX. Charities of a similar size with the same main cause include Edmond Memorial Band Boosters ($168k), Red Mountain Football Touchdown Club ($169k) and Trashmasters International Inc ($168k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.0% of the total. Other salaries and wages came to $81k. At year end it held assets of $478k against liabilities of $698, net assets of $477k. It reported 4 employees.