Lja Lake Association

Analysis

Lja Lake Association is a registered charity in United States, based in Angola, IN. It received its IRS tax-exemption ruling in April 2019, 7 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lja Lake Association reported income of $71k and spending of $84k, spending 118% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income fell from $224k to $71k (-68%), an average of -44% a year. The sharpest change came in the year to December 2022, when income dropped by 58%. Over the whole period it spent 52% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lja Lake Association sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within IN. Charities of a similar size with the same main cause include Logan Park Neighborhood Association ($71k), Acalanes Area Chapter National Charity League Inc ($71k) and Rotary Club Foundation of Danville Inc ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 3.5% of the total. At year end it held assets of $201k against liabilities of $0, net assets of $201k.