Friends of Lake Monroe Inc

Analysis

Friends of Lake Monroe Inc is a registered charity in United States, based in Bloomington, IN. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Friends of Lake Monroe Inc reported income of $130k and spending of $86k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $66k to $130k (+98%), an average of +98% a year. The sharpest change came in the year to December 2023, when income rose by 98%. Over the whole period it spent 84% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Friends of Lake Monroe Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within IN. Charities of a similar size with the same main cause include Protect Our Rivers ($130k), Volunteer Team Inc ($130k) and 15 Minute Field Trips ($130k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $93k against liabilities of $0, net assets of $93k.