Little Lakes Community Association Inc

Analysis

Little Lakes Community Association Inc is a registered charity in United States, based in Hemlock, NY. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Little Lakes Community Association Inc reported income of $120k and spending of $77k, leaving 36% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $92k to $120k (+30%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 61% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Little Lakes Community Association Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Artorg Studios Incorporated ($120k), Jubilee Community Arts Inc ($120k) and Warfield Moose Cultural Society ($120k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 9.3% of the total. At year end it held assets of $237k against liabilities of $1,821, net assets of $236k.