Lake 100 Inc

Analysis

Lake 100 Inc is a registered charity in United States, based in Eustis, FL. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 100 Inc reported income of $171k and spending of $151k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $155k to $171k (+10%), an average of +10% a year. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lake 100 Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within FL. Charities of a similar size with the same main cause include Greater Beecher Business District Association ($171k), Conejo Valley Days Inc ($171k) and Downtown Las Cruces Partnership ($171k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 38% of the total. At year end it held assets of $95k against liabilities of $59k, net assets of $36k.