Lakeland Family Resource Center Inc

Analysis

Lakeland Family Resource Center Inc is a registered charity in United States, based in Spooner, WI. It received its IRS tax-exemption ruling in June 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Lakeland Family Resource Center Inc reported income of $910k and spending of $857k, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $304k to $910k (+199%), an average of +32% a year. The sharpest change came in the year to June 2023, when income rose by 72%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lakeland Family Resource Center Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within WI. Charities of a similar size with the same main cause include PS I Love You Ministries ($910k), Abounding in Faith Inc ($910k) and Bay Ridge Community Development Center Inc ($910k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $613k. At year end it held assets of $553k against liabilities of $210k, net assets of $343k. It reported 21 employees.