Digital Lakes Inc

Analysis

Digital Lakes Inc is a registered charity in United States, based in Troy, MI. It received its IRS tax-exemption ruling in September 2023, 3 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Digital Lakes Inc reported income of $278k and spending of $295k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $75k to $278k (+271%), an average of +271% a year. The sharpest change came in the year to December 2023, when income rose by 271%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Digital Lakes Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within MI. Charities of a similar size with the same main cause include Corsicana Community Playhouse Inc ($278k), Wcuw Inc ($278k) and Arkansas Culture and Dialog Center ($278k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $238k. At year end it held assets of $98k against liabilities of $115k, net assets of -$16k.