Lakeland Retirement Foundation Ltd

Analysis

Lakeland Retirement Foundation Ltd is a registered charity in United States, based in Woodruff, WI. It received its IRS tax-exemption ruling in January 1979, 47 years ago. 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, Lakeland Retirement Foundation Ltd reported income of $208k and spending of $110k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2018 to December 2023, income fell from $243k to $208k (-14%), an average of -3.7% a year. The sharpest change came in the year to December 2023, when income rose by 124%. 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, Lakeland Retirement Foundation Ltd sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within WI. Charities of a similar size with the same main cause include Hospice Volunteers of Somerset County Inc ($208k), Iglesia Nueva Vida Eagles Nest ($208k) and New Philadelphia Band Boosters Inc ($208k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $27k (24% of expenses). At year end it held assets of $662k against liabilities of $2,494, net assets of $659k. It reported 1 employees.