Friends of Horseshoe Lake

Analysis

Friends of Horseshoe Lake is a registered charity in United States, based in Shaker HTS, OH. It received its IRS tax-exemption ruling in April 2022, 4 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, Friends of Horseshoe Lake reported income of $201k and spending of $224k, spending 112% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $51k to $201k (+295%), an average of +99% a year. The sharpest change came in the year to December 2022, when income rose by 579%. Over the whole period it spent 93% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Friends of Horseshoe Lake sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within OH. Charities of a similar size with the same main cause include The Buck Hill Conservation Foundation ($200k), Garden Club of Ohio Inc ($201k) and Warrick Parks and Trails Foundation Inc ($200k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $40k against liabilities of $0, net assets of $40k.