Friends of Lakewood

Analysis

Friends of Lakewood is a registered charity in United States, based in Lakewood, WA. It received its IRS tax-exemption ruling in September 1987, 39 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 Lakewood reported income of $1.2m and spending of $1.3m, spending 109% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $749k to $1.2m (+54%), an average of +9.1% a year. The sharpest change came in the year to December 2022, when income rose by 46%. Over the whole period it spent 94% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Friends of Lakewood sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within WA. Charities of a similar size with the same main cause include South Texas Botanical Gardens & Nature Center ($1.2m), Latino Equity Advocacy & Policy Institute - the Leap Institute ($1.2m) and Sonoran Desert Conference Center ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 8.1% of the total. Compensation of current officers, directors and key employees was $99k (7.9% of expenses). Other salaries and wages came to $488k. It paid $4,020 in professional fundraising fees. At year end it held assets of $2.4m against liabilities of $292k, net assets of $2.1m. It reported 17 employees.