Flathead Lakers Inc

Analysis

Flathead Lakers Inc is a registered charity in United States, based in Polson, MT. It received its IRS tax-exemption ruling in February 1993, 33 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Flathead Lakers Inc reported income of $523k and spending of $381k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $263k to $523k (+99%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 92% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Flathead Lakers 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 71st percentile, and in the 72nd percentile within MT. Charities of a similar size with the same main cause include Lake Champlain Land Trust Inc ($523k), Botanical Garden Society of Northwest Michigan Inc ($524k) and Takshanuk Watershed Council ($523k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $67k (17% of expenses). Other salaries and wages came to $127k. At year end it held assets of $422k against liabilities of $6,537, net assets of $415k. It reported 5 employees.