Lakeshore Area Radiation Oncology Center

Analysis

Lakeshore Area Radiation Oncology Center is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in January 1995, 31 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, Lakeshore Area Radiation Oncology Center reported income of $5.3m and spending of $3.2m, leaving 40% of income unspent that year. Across the 6 years on record, from June 2019 to December 2023, income fell from $5.4m to $5.3m (-2.3%), an average of -0.5% a year. The sharpest change came in the year to December 2020, when income rose by 59%. Over the whole period it spent 51% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lakeshore Area Radiation Oncology Center 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 MI. Charities of a similar size with the same main cause include Treasures of History Inc ($5.3m), Tri Valley Medical Inc ($5.3m) and Fashion Institute of Techology Foundation ($5.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $9.3m against liabilities of $437k, net assets of $8.8m.