Lakeside Association

Analysis

Lakeside Association is a registered charity in United States, based in Lksid Marblhd, OH. It received its IRS tax-exemption ruling in November 1937, 89 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 March 2023, Lakeside Association reported income of $14.9m and spending of $12.4m, spending 83% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $11.5m to $14.9m (+30%), an average of +6.7% a year. The sharpest change came in the year to March 2023, when income rose by 38%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lakeside Association sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within OH. Charities of a similar size with the same main cause include Fusion Partnerships Inc ($14.9m), Greenlight Fund Inc ($14.9m) and Uptown Reinvestment Corporation Inc ($14.9m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 28% and program service revenue 71% of the total. Other salaries and wages came to $4.2m. At year end it held assets of $21.9m against liabilities of $3.4m, net assets of $18.5m. It reported 318 employees.