Lakeshore Non-Profit Alliance

Analysis

Lakeshore Non-Profit Alliance is a registered charity in United States, based in Holland, MI. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 March 2024, Lakeshore Non-Profit Alliance reported income of $155k and spending of $348k, spending 224% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income fell from $281k to $155k (-45%), an average of -14% a year. The sharpest change came in the year to March 2024, when income dropped by 58%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lakeshore Non-Profit Alliance 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 48th percentile, and in the 48th percentile within MI. Charities of a similar size with the same main cause include Dwellers of Zion Mission CDC Inc ($155k), Anchored Ministries ($155k) and G and G Kingdom Works ($155k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 58% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $38k (11% of expenses). Other salaries and wages came to $50k. At year end it held assets of $410k against liabilities of $160k, net assets of $250k. It reported 3 employees.