The Lakes Community Health Center Inc

Analysis

The Lakes Community Health Center Inc is a registered charity in United States, based in Iron River, WI. It received its IRS tax-exemption ruling in May 2007, 19 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Lakes Community Health Center Inc reported income of $46.2m and spending of $46.7m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $36.0m to $46.2m (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Lakes Community Health Center Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within WI. Charities of a similar size with the same main cause include Visiting Nurse Association Health Group Inc ($46.1m), Health Help Incorporated ($46.2m) and New Opportunities Inc ($45.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $964k (2.1% of expenses). Other salaries and wages came to $25.9m. At year end it held assets of $38.1m against liabilities of $13.0m, net assets of $25.2m. It reported 484 employees.