Advocates of Lake County Inc

Analysis

Advocates of Lake County Inc is a registered charity in United States, based in Leadville, CO. It received its IRS tax-exemption ruling in October 1983, 43 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Advocates of Lake County Inc reported income of $794k and spending of $936k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $516k to $794k (+54%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Advocates of Lake County Inc sits at the 72nd percentile: it is larger than about 72% 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 Family Guidance Center Incorporated ($794k), Friends in Jesus Learning Center Inc ($794k) and Angels for Humanity ($794k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $101k (11% of expenses). Other salaries and wages came to $455k. At year end it held assets of $592k against liabilities of $68k, net assets of $523k. It reported 17 employees.