Friends of American Lake Veterans Golf Course

Analysis

Friends of American Lake Veterans Golf Course is a registered charity in United States, based in Lakewood, WA. It received its IRS tax-exemption ruling in December 2004, 22 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, Friends of American Lake Veterans Golf Course reported income of $1.2m and spending of $507k, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $926k to $1.2m (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2021, when income rose by 72%. Over the whole period it spent 45% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of American Lake Veterans Golf Course sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within WA. Charities of a similar size with the same main cause include United States Sailing Center of Martin County Inc ($1.2m), DC Edge Adult Synchronized Skating Teams ($1.2m) and Montana Youth Soccer Association ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.