Lakewood Community Services Center

Analysis

Lakewood Community Services Center is a registered charity in United States, based in Lakewood, OH. It received its IRS tax-exemption ruling in January 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 December 2023, Lakewood Community Services Center reported income of $1.0m and spending of $1.2m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $813k to $1.0m (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2020, when income rose by 97%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lakewood Community Services Center sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within OH. Charities of a similar size with the same main cause include Lakeshore Regional Child Advocacy Center ($1.0m), Urban League of Union County Inc ($1.0m) and Sisters in Christ ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $135k (11% of expenses). Other salaries and wages came to $265k. At year end it held assets of $1.1m against liabilities of $15k, net assets of $1.1m. It reported 12 employees.