Restoring the Lake Depths Foundation Corp

Analysis

Restoring the Lake Depths Foundation Corp is a registered charity in United States, based in Zephyr Cove, NV. It received its IRS tax-exemption ruling in April 2020, 6 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, Restoring the Lake Depths Foundation Corp reported income of $160k and spending of $197k, spending 123% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $200k to $160k (-20%), an average of -7.1% a year. The sharpest change came in the year to December 2023, when income dropped by 36%. Over the whole period it spent 69% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Restoring the Lake Depths Foundation Corp sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within NV. Charities of a similar size with the same main cause include Lower Neuse River Basin Association ($160k), Tucson Cactus and Succulent Society Inc ($160k) and Dos Pueblos Institute ($160k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $66k (34% of expenses). Other salaries and wages came to $34k. At year end it held assets of $249k against liabilities of $0, net assets of $249k. It reported 2 employees.