Lakewood Senior Citizens Inc

Analysis

Lakewood Senior Citizens Inc is a registered charity in United States, based in Lakewood, OH. It received its IRS tax-exemption ruling in December 2005, 21 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Lakewood Senior Citizens Inc reported income of $300k and spending of $46k, leaving 85% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.5m to $300k (-80%), an average of -42% a year. The sharpest change came in the year to December 2020, when income dropped by 81%. Over the whole period it spent 4.0% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lakewood Senior Citizens Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within OH. Charities of a similar size with the same main cause include Riverside Gardens Inc ($300k), Riverside Park at Way of the Cross Inc ($300k) and Bethany House Inc ($299k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $16.1m against liabilities of $979k, net assets of $15.2m.