Lakeshore Cap Inc of Wisconsin

Analysis

Lakeshore Cap Inc of Wisconsin is a registered charity in United States, based in Manitowoc, WI. It received its IRS tax-exemption ruling in June 1973, 53 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Lakeshore Cap Inc of Wisconsin reported income of $4.2m and spending of $4.0m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.8m to $4.2m (+10.0%), an average of +2.4% a year. The sharpest change came in the year to December 2020, when income rose by 35%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lakeshore Cap Inc of Wisconsin sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within WI. Charities of a similar size with the same main cause include Waldorf School of Baltimore ($4.2m), Kitsap Residences ($4.2m) and Baltimore School for the Arts FDN Inc ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $138k (3.4% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $4.5m against liabilities of $3.4m, net assets of $1.2m. It reported 53 employees.