Lakeshore Community Services Inc

Analysis

Lakeshore Community Services Inc is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in September 1991, 35 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 2024, Lakeshore Community Services Inc reported income of $23.2m and spending of $24.7m, spending 107% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $25.0m to $23.2m (-7.4%), an average of -1.9% a year. 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, Lakeshore Community Services Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Westside Habilitation Center ($23.2m), Luther Home of Mercy ($23.2m) and Cassia Services ($23.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.9% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $705k (2.9% of expenses). Other salaries and wages came to $15.7m. At year end it held assets of $14.9m against liabilities of $5.7m, net assets of $9.2m. It reported 445 employees.