For the Love of the Lake Foundation

Analysis

For the Love of the Lake Foundation is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in December 1999, 27 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, For the Love of the Lake Foundation reported income of $64k and spending of $57k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $63k to $64k (+0.9%), an average of +0.9% a year. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, For the Love of the Lake Foundation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within TX. Charities of a similar size with the same main cause include Greater Glens Falls Amateur Athletic Championships Association ($64k), Friends of The@pmbl ($64k) and Pine Lake Sailing School Inc ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $129k against liabilities of $0, net assets of $129k.