Lakeside Heritage Society Inc

Analysis

Lakeside Heritage Society Inc is a registered charity in United States, based in Lakeside, OH. It received its IRS tax-exemption ruling in February 1972, 54 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Lakeside Heritage Society Inc reported income of $125k and spending of $139k, spending 112% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $149k to $125k (-16%), an average of -4.4% a year. The sharpest change came in the year to August 2022, when income rose by 51%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lakeside Heritage Society Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within OH. Charities of a similar size with the same main cause include Kathryn L Kurka Childrens Health Fund ($125k), In As Much As Inc ($125k) and Midwest Boston Terrier Rescue ($125k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 39% and program service revenue 0.2% of the total. Other salaries and wages came to $61k. At year end it held assets of $790k against liabilities of $0, net assets of $790k. It reported 3 employees.