Lake States Dairy Center Inc

Analysis

Lake States Dairy Center Inc is a registered charity in United States, based in Fair Oaks, IN. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Lake States Dairy Center Inc reported income of $3.4m and spending of $4.5m, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.2m to $3.4m (-18%), an average of -5.0% a year. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lake States Dairy Center Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within IN. Charities of a similar size with the same main cause include The Cowles Center ($3.4m), Ensemble Theater ($3.4m) and MCNC Endowment ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $4.3m against liabilities of $1.4m, net assets of $3.0m. It reported 53 employees.

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.