Lakes Regional Healthcare Foundation

Analysis

Lakes Regional Healthcare Foundation is a registered charity in United States, based in Spirit Lake, IA. It received its IRS tax-exemption ruling in January 2012, 14 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Lakes Regional Healthcare Foundation reported income of $204k and spending of $74k, leaving 64% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $104k to $204k (+97%), an average of +14% a year. The sharpest change came in the year to June 2024, when income rose by 93%. Over the whole period it spent 60% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lakes Regional Healthcare Foundation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 55th percentile within IA. Charities of a similar size with the same main cause include Family Survivor Network ($204k), Marathon for a Better Life Inc ($204k) and Contra Costa Community Outreach Clinic and Laboratory ($204k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 50% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.