Tolani Lake Enterprises Inc

Analysis

Tolani Lake Enterprises Inc is a registered charity in United States, based in Winslow, AZ. It received its IRS tax-exemption ruling in October 2024, 2 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Tolani Lake Enterprises Inc reported income of $475k and spending of $542k, spending 114% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income fell from $754k to $475k (-37%), an average of -14% a year. The sharpest change came in the year to June 2021, when income rose by 442%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tolani Lake Enterprises Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within AZ. Charities of a similar size with the same main cause include Personal Affordable Living Inc ($474k), Compassion Ministries Ltd ($475k) and House of Peace & Education Inc ($474k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $16k (2.9% of expenses). At year end it held assets of $294k against liabilities of $42k, net assets of $252k. It reported 3 employees.