Lake Limboto, situated in Gorontalo, Indonesia, confronts severe threats jeopardizing its sustainability. Widespread deforestation in the watershed area has led to excessive sedimentation within the lake, consequently diminishing its water storage capacity and compromising its flood control function. This degradation has manifested itself in downstream droughts during the dry season and flooding during the rainy season. Historical data reveals a stark reduction in Lake Limboto’s size, plummeting from approximately 3,644.5 ha in 1991 to around 2,693.9 ha in 2017. This study aims to provide comprehensive examination of the interplay between the socioeconomic status of the local community and their understanding of the lake ecosystem. Furthermore, it delves into how these factors produce synergies that shape and impact community involvement in sustainable lake management initiatives. Hypothesis testing yielded significant results, affirming the existence of a positive correlation between socioeconomic status, knowledge of the lake ecosystem, and active community participation in sustainable lake management efforts. The findings underscore the critical importance of socioeconomic factors that need to be considered when designing strategies for the preservation and sustainable management of Lake Limboto. Integrating the community into conservation initiatives is necessary, given their intrinsic relationship with the lake. By acknowledging and leveraging the nexus between socioeconomic status, ecological knowledge, and active participation, stakeholders can formulate more effective and inclusive strategies for safeguarding Lake Limboto’s ecological integrity. This study contributes valuable insights for policymakers, environmentalists, and local communities alike, emphasizing the necessity of collaborative efforts to ensure the long-term resilience and vitality of Lake Limboto.