Lake of the Woods Adaptive Watersports

Analysis

Lake of the Woods Adaptive Watersports is a registered charity in United States, based in Locust Grove, VA. It received its IRS tax-exemption ruling in February 2016, 10 years ago. 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, Lake of the Woods Adaptive Watersports reported income of $74k and spending of $88k, spending 117% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $89k to $74k (-16%), an average of -5.7% a year. The sharpest change came in the year to December 2021, when income dropped by 30%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake of the Woods Adaptive Watersports 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 29th percentile, and in the 28th percentile within VA. Charities of a similar size with the same main cause include Citylight ($74k), Brookside Elementary School PTO ($74k) and Atlanta Artists Center Inc ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $10k against liabilities of $0, net assets of $10k.