Lakeshore Day Care Center Inc

Analysis

Lakeshore Day Care Center Inc is a registered charity in United States, based in Manitowoc, WI. It received its IRS tax-exemption ruling in August 1980, 46 years ago. 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, Lakeshore Day Care Center Inc reported income of $558k and spending of $599k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $491k to $558k (+14%), an average of +3.2% a year. The sharpest change came in the year to December 2020, when income rose by 19%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lakeshore Day Care Center Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within WI. Charities of a similar size with the same main cause include The Conference of Churches Inc ($558k), Holy Family Special Needs Foundation ($558k) and Wilmette Community Nursery School Inc ($558k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $57k (9.5% of expenses). Other salaries and wages came to $386k. At year end it held assets of $239k against liabilities of $912, net assets of $238k. It reported 21 employees.