Lakeside Youth Service

Analysis

Lakeside Youth Service is a registered charity in United States, based in North Wales, PA. It received its IRS tax-exemption ruling in August 1962, 64 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 2023, Lakeside Youth Service reported income of $26.7m and spending of $27.1m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.2m to $26.7m (+47%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lakeside Youth Service sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Dream Center Foundation a California Non Profit Corporation ($26.7m), Judge Baker Childrens Center ($26.7m) and Yad Elka Inc ($26.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.7% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $632k (2.3% of expenses). Other salaries and wages came to $16.3m. At year end it held assets of $20.2m against liabilities of $15.8m, net assets of $4.3m. It reported 457 employees.