Lake Wales Care Center Foundation Inc

Analysis

Lake Wales Care Center Foundation Inc is a registered charity in United States, based in Lake Wales, FL. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Lake Wales Care Center Foundation Inc reported income of $676k and spending of $266k, leaving 61% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $203k to $676k (+233%), an average of +49% a year. The sharpest change came in the year to December 2022, when income rose by 194%. Over the whole period it spent 73% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lake Wales Care Center Foundation Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include Metabolomics Society Inc ($676k), The Olive Tree Creative Arts Community Center ($676k) and Navajo Hopi Health Foundation Inc ($675k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 75% of the total. At year end it held assets of $5.3m against liabilities of $258k, net assets of $5.0m.