Lakewood Community Care Center

Analysis

Lakewood Community Care Center is a registered charity in United States, based in Lakewood, OH. It received its IRS tax-exemption ruling in July 1988, 38 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 December 2023, Lakewood Community Care Center reported income of $907k and spending of $956k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $872k to $907k (+4.0%), an average of +1.0% a year. The sharpest change came in the year to December 2022, when income rose by 73%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lakewood Community Care 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 78th percentile, and in the 79th percentile within OH. Charities of a similar size with the same main cause include Rehema Ministries ($907k), Paul W Barret Jr School of Banking ($907k) and Pennsylvania Workforce Development Association ($907k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Other salaries and wages came to $665k. At year end it held assets of $202k against liabilities of $758, net assets of $201k. It reported 34 employees.