Exchange Club of Lake Highlands Inc

Analysis

Exchange Club of Lake Highlands Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in February 1991, 35 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Exchange Club of Lake Highlands Inc reported income of $346k and spending of $292k, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $316k to $346k (+9.6%), an average of +2.3% a year. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Exchange Club of Lake Highlands Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include School of Choice Education Organization ($346k), Ohio Cobra Club ($346k) and Credit Union of Colorado Foundation ($346k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 33% of the total. At year end it held assets of $1.2m against liabilities of $170k, net assets of $993k.