Lake Side Elite

Analysis

Lake Side Elite is a registered charity in United States, based in East Jordan, MI. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Lake Side Elite reported income of $266k and spending of $210k, leaving 21% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $247k to $266k (+7.5%), an average of +3.7% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 75% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lake Side Elite sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within MI. Charities of a similar size with the same main cause include Rockford BMX Club Inc ($266k), Supreme Water Polo Club ($266k) and Sugarloaf Ski Club ($265k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.0% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $55k (26% of expenses). Other salaries and wages came to $54k. At year end it held assets of $188k against liabilities of $2,729, net assets of $185k. It reported 19 employees.