Bachman Lake Together

Analysis

Bachman Lake Together is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in March 2023, 3 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Bachman Lake Together reported income of $1.7m and spending of $1.1m, leaving 35% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $941k to $1.7m (+80%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bachman Lake Together sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Helping Others to Succeed Inc ($1.7m), East Valley Learning Center ($1.7m) and To Our Children S Future with Health ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $116k (11% of expenses). Other salaries and wages came to $566k. It paid $53k in professional fundraising fees. At year end it held assets of $1.2m against liabilities of $49k, net assets of $1.1m. It reported 9 employees.