Lakeside Curative Services Inc

Analysis

Lakeside Curative Services Inc is a registered charity in United States, based in Racine, WI. It received its IRS tax-exemption ruling in May 1952, 74 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lakeside Curative Services Inc reported income of $3.5m and spending of $3.9m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.5m to $3.5m (-22%), an average of -5.9% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lakeside Curative Services Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WI. Charities of a similar size with the same main cause include Milwaukee Mental Health Associates Inc ($3.5m), Reliance Ehealth Collaborative ($3.5m) and Mauston Area Ambulance Assn ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.8% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $82k (2.1% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $5.3m against liabilities of $283k, net assets of $5.0m. It reported 78 employees.