Lakeside House Inc

Analysis

Lakeside House Inc is a registered charity in United States, based in Saranac Lake, NY. It received its IRS tax-exemption ruling in July 1987, 39 years ago. 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, Lakeside House Inc reported income of $1.0m and spending of $1.0m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $652k to $1.0m (+60%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lakeside House Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include San Diego County Ser Jobs for Progress Inc ($1.0m), Delaware Humanities Council ($1.0m) and Iglesia LA Nueva Jerusalen ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $69k (6.8% of expenses). Other salaries and wages came to $523k. At year end it held assets of $900k against liabilities of $60k, net assets of $840k. It reported 23 employees.