Lake Orion Liquid Lightning

Analysis

Lake Orion Liquid Lightning is a registered charity in United States, based in Lake Orion, MI. It received its IRS tax-exemption ruling in January 2004, 22 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 2022, Lake Orion Liquid Lightning reported income of $249k and spending of $254k, spending 102% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $245k to $249k (+1.7%), an average of +0.6% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Orion Liquid Lightning sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within MI. Charities of a similar size with the same main cause include Cedar Lane Nursery School Inc ($249k), United Way of Huntingdon County Fund ($250k) and Little League Baseball Inc ($249k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Other salaries and wages came to $127k. At year end it held assets of $46k against liabilities of $0, net assets of $46k. It reported 10 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.