Lake-Geauga Recovery Centers Inc

Analysis

Lake-Geauga Recovery Centers Inc is a registered charity in United States, based in Mentor, OH. It received its IRS tax-exemption ruling in August 1985, 41 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, Lake-Geauga Recovery Centers Inc reported income of $6.6m and spending of $6.5m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.2m to $6.6m (+25%), an average of +5.8% a year. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lake-Geauga Recovery Centers Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within OH. Charities of a similar size with the same main cause include New England Kurn Hattin Homes ($6.5m), Hot Spots Extended Care Programs Inc ($6.6m) and South Suburban Pads ($6.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $387k (5.9% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $8.6m against liabilities of $2.3m, net assets of $6.3m. It reported 98 employees.