Lakes Area Interfaith Caregivers

Analysis

Lakes Area Interfaith Caregivers is a registered charity in United States, based in Deerwood, MN. It received its IRS tax-exemption ruling in February 2003, 23 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 June 2024, Lakes Area Interfaith Caregivers reported income of $175k and spending of $195k, spending 111% of what it took in. Across the 3 years on record, from June 2021 to June 2024, income fell from $217k to $175k (-20%), an average of -10% a year. The sharpest change came in the year to June 2023, when income dropped by 23%. 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, Lakes Area Interfaith Caregivers sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within MN. Charities of a similar size with the same main cause include Specially Gifted Foundation Inc ($175k), Lifebranch Institute International ($175k) and Fellowship House Ministries Inc ($175k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 99% of the total. At year end it held assets of $149k against liabilities of $5,810, net assets of $144k.