Lake Pointe Foundation Inc

Analysis

Lake Pointe Foundation Inc is a registered charity in United States, based in Allen, TX. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 Pointe Foundation Inc reported income of $196k and spending of $151k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $292k to $196k (-33%), an average of -9.4% a year. The sharpest change came in the year to December 2020, when income rose by 60%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lake Pointe Foundation Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within TX. Charities of a similar size with the same main cause include Hope Lives the Lydia Dody Breast Cancer Support Center ($196k), Westend Health Center Inc ($196k) and Emergency Medical Training ($196k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $139k. At year end it held assets of $41k against liabilities of $0, net assets of $41k. It reported 2 employees.