Lakeshore Legacy Project Inc

Analysis

Lakeshore Legacy Project Inc is a registered charity in United States, based in Muskegon, MI. It received its IRS tax-exemption ruling in October 2022, 4 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 (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, Lakeshore Legacy Project Inc reported income of $95k and spending of $64k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $181k to $95k (-48%), an average of -48% a year. The sharpest change came in the year to December 2023, when income dropped by 48%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lakeshore Legacy Project Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within MI. Charities of a similar size with the same main cause include Harvest House Ministries ($95k), Nacogdoches County Chamber Foundation Inc ($95k) and Neighbors Caring About Neighbors ($95k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $42k against liabilities of $0, net assets of $42k.