Lake County Community Fund

Analysis

Lake County Community Fund is a registered charity in United States, based in Leadville, CO. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 County Community Fund reported income of $810k and spending of $584k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $248k to $810k (+227%), an average of +34% a year. The sharpest change came in the year to December 2020, when income rose by 199%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lake County Community Fund sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within CO. Charities of a similar size with the same main cause include North East Community Foundation ($810k), Bourque Family Foundation Inc ($811k) and Mildreds Dream Foundation Inc ($810k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 4.7% of the total. Compensation of current officers, directors and key employees was $67k (11% of expenses). At year end it held assets of $1.0m against liabilities of $17k, net assets of $983k. It reported 1 employees.