Lakeland Foundation

Analysis

Lakeland Foundation is a registered charity in United States, based in Bellingham, WA. It received its IRS tax-exemption ruling in July 2020, 6 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Lakeland Foundation reported income of $261k and spending of $210k, spending 80% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $10.6m to $261k (-98%), an average of -60% a year. The sharpest change came in the year to June 2021, when income dropped by 98%. Over the whole period it spent 8.3% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lakeland Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within WA. Charities of a similar size with the same main cause include Central Virginia Battlefields Trust Inc ($261k), Bozeman Art Museum ($261k) and Research on Armenian Architecture USA ($261k).

At year end it held assets of $10.7m against liabilities of $45k, net assets of $10.6m.