Southlake Center Residential Inc

Analysis

Southlake Center Residential Inc is a registered charity in United States, based in Merrillville, IN. It received its IRS tax-exemption ruling in April 1991, 35 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Southlake Center Residential Inc reported income of $72k and spending of $101k, spending 140% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $63k to $72k (+14%), an average of +4.5% a year. The sharpest change came in the year to June 2021, when income rose by 15%. Over the whole period it spent 126% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Southlake Center Residential Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within IN. Charities of a similar size with the same main cause include North Miami Beach Medical Center Inc ($72k), National Charity League Heart of Kansas City ($72k) and Elizabeth & Claire Laplante Foundation Inc ($72k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 45% of the total. At year end it held assets of $298k against liabilities of $280k, net assets of $18k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.