Lake Merritt Institute

Analysis

Lake Merritt Institute is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 June 2023, Lake Merritt Institute reported income of $264k and spending of $255k, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $214k to $264k (+23%), an average of +7.2% a year. The sharpest change came in the year to June 2023, when income rose by 49%. Over the whole period it spent 101% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Lake Merritt Institute sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Greater Oregon City Watershed Council ($263k), Beyond Our Shores Inc ($264k) and Community for Change ($263k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $77k (30% of expenses). Other salaries and wages came to $37k. At year end it held assets of $52k against liabilities of $20, net assets of $52k. It reported 7 employees.