Lake Support and Emergency Recovery Inc

Analysis

Lake Support and Emergency Recovery Inc is a registered charity in United States, based in Clermont, FL. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Lake Support and Emergency Recovery Inc reported income of $583k and spending of $500k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $387k to $583k (+51%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 170%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lake Support and Emergency Recovery 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 72nd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Eagle Mount Billings ($583k), Rural Arts Collaborative Inc ($583k) and Childrens Playhouse Inc ($583k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% of the total. Compensation of current officers, directors and key employees was $70k (14% of expenses). Other salaries and wages came to $3,872. At year end it held assets of $293k against liabilities of $45k, net assets of $248k. It reported 4 employees.