Lakeshore Community Foundation Inc

Analysis

Lakeshore Community Foundation Inc is a registered charity in United States, based in Manitowoc, WI. It received its IRS tax-exemption ruling in May 2010, 16 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Lakeshore Community Foundation Inc reported income of $13.6m and spending of $1.8m, leaving 87% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.7m to $13.6m (+191%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 26% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lakeshore Community Foundation Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within WI. Charities of a similar size with the same main cause include Chapel & York US Foundation Inc ($13.6m), The Good Nation Foundation Inc ($13.6m) and Galesburg Community Foundation ($13.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $122k (6.8% of expenses). Other salaries and wages came to $49k. At year end it held assets of $91.2m against liabilities of $31.7m, net assets of $59.5m. It reported 3 employees.