Friends of Lake Leelanau

Analysis

Friends of Lake Leelanau is a registered charity in United States, based in Leland, MI. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Friends of Lake Leelanau reported income of $2.3m and spending of $29k, leaving 99% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $3.1m to $2.3m (-26%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 0.7% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of Lake Leelanau sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include Eastern Star Endowment Fund ($2.3m), Family Promise of Hawaii ($2.3m) and End 68 Hours of Hunger ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $5.4m against liabilities of $0, net assets of $5.4m.