Lake Norman Humane Inc

Analysis

Lake Norman Humane Inc is a registered charity in United States, based in Mooresville, NC. It received its IRS tax-exemption ruling in January 2008, 18 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Lake Norman Humane Inc reported income of $861k and spending of $872k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $975k to $861k (-12%), an average of -3.1% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 77% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Lake Norman Humane Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include Humane Society of Napa County ($861k), Wyandot County Humane Society Inc ($861k) and Parkers Animal Rescue ($858k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 25% of the total. Other salaries and wages came to $408k. At year end it held assets of $3.3m against liabilities of $696k, net assets of $2.6m. It reported 22 employees.