Lakeview Temple Inc

Analysis

Lakeview Temple Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in August 1964, 62 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Lakeview Temple Inc reported income of $5.5m and spending of $5.4m, spending 100% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $5.1m to $5.5m (+6.9%), an average of +6.9% a year. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lakeview Temple 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 92nd percentile, and in the 93rd percentile within IN. Charities of a similar size with the same main cause include Legal Council for Health Justice ($5.5m), Neighborhood Legal Services Program of the District of Columbia ($5.5m) and Legacy Youth Tennis and Education ($5.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 74% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $119k (2.2% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $12.0m against liabilities of $9.5m, net assets of $2.5m. It reported 97 employees.