Lake View Foundation

Analysis

Lake View Foundation is a registered charity in United States, based in Lake View, IA. It received its IRS tax-exemption ruling in April 2017, 9 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 March 2024, Lake View Foundation reported income of $457k and spending of $63k, leaving 86% of income unspent that year. Across the 2 years on record, from March 2023 to March 2024, income grew from $98k to $457k (+368%), an average of +368% a year. The sharpest change came in the year to March 2024, when income rose by 368%. Over the whole period it spent 13% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lake View Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within IA. Charities of a similar size with the same main cause include Assistance League of Fresno ($457k), Niagara Falls Underground Railroad Heritage Commission Inc ($457k) and Urban Collaborative Project ($456k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $552k against liabilities of $0, net assets of $552k.